Unlike some of the unique personalities battling it out in this presidential campaign (we won’t mention any names), the July 2015 jobs report released this morning was steady, void of drama and in line with expectations.
As you may know, following each month’s BLS jobs report, we read dozens of news reports, scour the Web, and break what we find down to three key talking points you can use. Whether you’re taking a break at the office water cooler or conversing with peers in the industry, you’ll have three conversation starters in your pocket.
HERE’S THE NEWS YOU CAN USE FROM TODAY’S RELEASE:
1. Jobs numbers were solid, but some say “so-so.” U.S. employers added 215,000 jobs in July, which is a little lower than the 225,000 that economists were expecting but still a solid number. The unemployment rate held steady at a seven-year low of 5.3 percent.
Here’s what some experts on Twitter had to say:
U.S. jobs data couldn’t have been more in line with expectations.
— Jamie McGeever (@ReutersJamie) August 7, 2015
Payrolls up a healthy +215k. Unemployment still at 5.3%. Pretty much everything bang on consensus expectations.
— Justin Wolfers (@JustinWolfers) August 7, 2015
We’re live-charting the so-so US jobs report for July; 215,000 jobs were added http://t.co/y2lNRiExfJ
— Quartz (@qz) August 7, 2015
Well, OK then.
2. Wage growth? Yes please! According to Business Insider:
Wages grew a bit in July after coming in flat in the prior period. Average hourly earnings grew 0.2% month-over-month (+0.2% expected) and 2.1% (+2.3% expected) year-over-year in July.
Granted the increase isn’t something to be jumping up and down about, but we’ll take any increase we can get.
3. These industries came out on top. There are no winners and losers in life… just kidding! As Forbes reported, here are some industries that are winning at adding more jobs than others:
The sectors that added the most jobs were: retail trade (36,000), health care (28,000) and professional and technical services (27,000). Mining was the only major industry to lose jobs, cutting 5,000.