Strong job creation in the US – Le Figaro

The good results of July are enough to reassure some Fed in a context of post-Brexit increased uncertainty.

This is good news on the campaign trail: 255,000 jobs were created in the US in July, according to data from the Labor department reported Friday. This is much more than the expectations of the analysts 187,000 jobs. The report “shows widespread growth and a strong recovery and balance,” says the department stressed that jobs were created for 70 consecutive months. The unemployment rate remains at 4.9%, despite an increase in the number of people entering the workforce. What is positive. Although the labor market is particularly resilient to the US and the data can therefore vary from month to month, these results should reassure some Fed still considering raising interest rates in an environment increased uncertainty post-Brexit. The Fed looks closely the evolution of the labor market.

These good results are related to the large number of jobs created in services.

These good results are related to the large number of jobs created in services. This is particularly business services (+ 70,000), leisure (+ 45,000), health (+ 43,000) and finance (+ 18,000). The manufacturing industry is, however, the bad student because it has created 16,000 jobs. Another poor result, the number of part-time workers forced and who want to work full-time increased slightly compared to June, reaching 6 million. Finally, the average hourly wage earned 2.6% over 12 months. “While this is encouraging sustainable progress, we still have work to do to ensure that everyone can have the chance to participate in this recovery, said Secretary of State for Labour, Thomas Perez. We need to increase the federal minimum wage so that someone working full time in America does not live in poverty. “The Secretary of State also stressed the need to expand access to paid leave.