Another just-okay number, another opportunity for reporters, traders, pundits and politically-biased columnists to make it mean whatever they want it to mean.
I stays out of that game, because, knowledge.
The only opinions on the daily releases of US econ data I’m interested in come from Bill McBride at Calculated Risk. Everyone else can just STFU.
re: this morning’s June NFP report, just the facts via Reuters:
U.S. employers stepped up hiring in June, adding 195,000 jobs, above the median forecast in a Reuters poll, Labor Department data showed on Friday.
The unemployment rate held steady at 7.6 percent.
Economists were expecting 165,000 new jobs last month, according to a Reuters survey, slightly below the 175,000 positions created in May. The government on Friday revised payrolls for April and May to show 70,000 more jobs created than previously reported.
So does this imply a September taper vs December or 2014? Who cares.