On Friday US BLS released its Employment Situation Summary for June 2019 showing:
- Nonfarm payroll employment increased by 224,000
- Unemployment rate little changed at 3.7%
- Strong job gains in professional and business services (+51,000) , health care (+30,000), transportation and warehousing (+24,000).
- Leisure and hospitality job numbers remained essentially flat. (In June? Why?)
- Average hourly earnings increased by $0.06 to $27.90.