Contribute
CONNECT:

press releases

WTAS: July's “Strong” Jobs Report and Continued Economic Growth

- July 7, 2017

Numbers Reveal Strong Growth, Low Unemployment, and Higher Wages


The July 2017 Jobs Report Showed The Economy Added 222,000 Jobs. “Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today.” (Press Release, “Employment Situation Summary,” U.S. Department Of Labor, 7/7/17)

  • Private Sector Employment Increased By 187,000 And Government Employment Also Increased By 35,000. “Private employment gained by 187,000 (median estimate was 170,000) after a 159,000 increase; government payrolls rose by 35,000, the most in almost a year, driven by localities.” (Patricia Laya, “U.S. Hiring Accelerates While Wage Growth Stays Flat,” Bloomberg, 7/7/17)

“The Average Hourly Wage Grew By 2.5 Percent From A Year Earlier.” (Patricia Cohen, “U.S. Labor Market Roars Back, Adding 222,000 Jobs In June,” The New York Times, 7/7/17)

“The Labor-Force Participation Rate Inched Up To 62.8 Percent, From 62.7 Percent.” (Patricia Cohen, “U.S. Labor Market Roars Back, Adding 222,000 Jobs In June,” The New York Times, 7/7/17)

“The Unemployment Rate Was 4.4 Percent. May’s Jobless Rate Was 4.3 Percent.” (Patricia Cohen, “U.S. Labor Market Roars Back, Adding 222,000 Jobs In June,” The New York Times, 7/7/17)

  • The Slight Uptick In The Unemployment Rate Is Due To More People Joining The Workforce. “Although the unemployment rate ticked up from the previous month, it did so because more people joined the work force.” (Patricia Cohen, “U.S. Labor Market Roars Back, Adding 222,000 Jobs In June,” The New York Times, 7/7/17)

The April And May Jobs Reports Both Were Revised To Add An Additional 47,000 Jobs Than Previously Reported. “The labor market roared back in June, with a hefty monthly gain in jobs, and revisions that added 47,000 more jobs to April and May than previously reported.” (Patricia Cohen, “U.S. Labor Market Roars Back, Adding 222,000 Jobs In June,” The New York Times, 7/7/17)
 

Commentators Agree The July Jobs Report Was Strong And “Exceeds Expectations”


The New York Times’ Headline: “U.S. Labor Market Roars Back, Adding 222,000 Jobs In June.” (Maggie Haberman, Twitter Feed, 7/7/17)

CNN Money’s Elana Zak: “Good June Jobs Report: The U.S. Unemployment Rate Was 4.4%, Just Above Its Lowest Level Since 2001.” (Elana Zak, Twitter Feed, 7/7/17)

Politico’s Chief Economic Correspondent Ben White: “June Jobs Report: 222k. Big Beat.” (Ben White, Twitter Feed, 7/7/17)

FiveThirtyEight’s Ben Casselman: “Unemployment Rate Rose For ‘Good Reasons’. Labor Force Grew By 361k, Employed, Unemployed Both Up.” (Ben Casselman, Twitter Feed, 7/7/17)

CNN’s Ryan Struyk: “Good News: June Jobs Report Exceeds Expectations.” (Ryan Struyk, Twitter Feed, 7/7/17)

Reuters’ Tom Buerkle: “Strong June Jobs Report. US Payrolls Up 222k, April/May Revised Up By 48k, Wages Steady At +2.5%.” (Tom Buerkle, Twitter Feed, 7/7/17)

Jim O’Sullivan, The Chief United States Economist For High Frequency Economics, Said “The Payroll Number Is Well Above Expectations.” “The payroll number is well above expectations,” said Jim O’Sullivan, chief United States economist for High Frequency Economics.” (Patricia Cohen, “U.S. Labor Market Roars Back, Adding 222,000 Jobs In June,” The New York Times, 7/7/17)

ABC’s Michael Del Moro: “Strong Jobs Report For June: +222,000 Jobs. April And May Reports Also Revised Up To 270k And 152k Respectively.” (Michael Del Moro, Twitter Feed, 7/7/17)

CNBC’s Becky Quick And Hampton Pearson On The Jobs Report: Unemployment Is At “16-Year Low” And There Is A “Significant” Increase In Jobs. CNBC’s BECKY QUICK: “Good morning, welcome back to Squawk Box. We are live in Times Square. We are a few seconds away from the June jobs report. The forecast is calling for an increase of 174,000. That’s up from 138,000 back in May. The unemployment rate is expected to hold steady for a second straight month at 4.3%, a 16-year low. The futures have been relatively flat let's get to Pearson.” CNBC’s HAMPTON PEARSON: “In June, employment increased by 222,000 jobs. The unemployment rate is 4.4%. Average hourly earnings increased 0.2%. That's the highest since February of this year. As far as the monthly revisions we have significant upward position for the last two months, a net increase in 47,000 jobs over what is previously reported. June private sector growth, up 187,000. The specific sector gaining the most was health care. Professional and business services up 35,000 restaurants, construction was up 16,000 a bit of a surprise, government employment rose by 35,000. That was almost entirely a job gain at the local level.” (CNBC’s “Squawk Box,” 7/7/17)
 

CLICK HERE TO WATCH


 

CNN’s Christine Romans Discussed How The Jobs Report Shows Strong Growth And More Participation In Job Market. CNN’s CHRISTINE ROMANS: “This was a strong number for job creation in the month. 222,000 net new jobs in June and April and May were both a little stronger than the government first reported. So the past three months, that's what the picture looks like. The unemployment rate is still very near the lowest level since 2001 but it did tick up from 4.3% to 4.4%. Here’s why. You had more than 300,000 people come out of the shadows and go into the labor market looking for a job. That’s one of those funny statistical tweaks that the reason why that number rose is a good reason. People are seeing what's happening around them. Maybe they know people are getting jobs and coming back into the labor market. So these are all good numbers. Manufacturing added 1,000. It doesn't seem like a lot of jobs but I wanted to put that in there because a low dollar and good global demand has had a renaissance for the manufacturing sector. Look at food. This is where people spend their money. Restaurants and bars, 29,000 jobs there. Business information systems, 35,000 jobs and when you peel back these numbers, a lot of jobs added in health care. That’s been a very steady performer in the labor market for years now. A lot of health care jobs again.” (CNN’s “New Day,” 7/7/17)
 

CLICK HERE TO WATCH


 

Fox Business Network Agreed That The Job Report Exceeded Expectations And “Trump Clearly [Is] Accelerating The Optimism.” FOX BUSINESS’S ADAM SHAPIRO: “222,000 jobs in June. The economy added 222,000 jobs, the unemployment rate slightly ticking up to 4.4%, May was revised up 14,000 jobs to 152,000. April was revised up 33,000 jobs to 207,000 that is a total revision up of 47,000 jobs for those two months. The U6 unemployment rate down to 8.6%. June 2016 it was 9.9 %. Hourly wages up 2/10 of a percent, that’s four cents over 12 months up over 2.5%, or roughly 63 cents. Weekly wages, in 2016 $881.33, now, $905.63.  Labor force participation rate 62.8%, in May it was 62.7%.  The private sector added 187,000 jobs, the government sector added 35,000 jobs that was mostly local hiring. Part-time employment little changed a -- 5.3 million. The average workweek rose roughly 1/10 of an hour to 34 and a half hours. Temporary health services they added 13,400 jobs. Health care added 37,000 jobs, social assistance added 23,000, and financial activity up 17,000 jobs, mining and logging up 8,000 jobs, 7,000 of those are support activity. Since October 2016 a low for mining, mining has added 56,000 jobs. Professional business services up 35,000 jobs, construction up 16,000. Manufacturing up 1,000, retail up 18 -- up 8,100 that is highest since January. Transportation up 2400. Over 3 months job gains have averaged 194,000 per month. For the year we are averaging 180,000, in 2016 the average was 187,000 jobs. To repeat 222.000 jobs added in June. Unemployment rate 4.4%.” FOX BUSINESS’S MARIA BARTIROMO: “All right Adam Shapiro, thank you very much, better than expected.” FOX BUSINESS’S MIKE MURPHY: “Revisions higher for the last two months, the wages we didn't get growth that we were looking for, a slight miss there but I think this tells you that the economy is picking up steam, whether or not it is reporting that way, the economy is picking up steam, it’s a positive, it can support the market up here at these levels, it can support the fed, this report I thought would come more in line, is actually way better than I anticipated.” BARTIROMO: “Steve you wanted a two handle you got it.” FOX BUSINESS’S STEVE CORTEZ: “Going to get more ahead this is great news, I don't expect much mainstream media will report that because it might reflect well on President Trump but clearly the economy is accelerating the optimism out there.” (Fox Business’s “Morning With Maria,” 7/7/17)
 

CLICK HERE TO WATCH

 

###


Previous post

ICYMI: GOP Chairwoman: Obamacare Is Failing, Republicans Are Offering Solutions

Next post

ICYMI: President Trump asks the West to defend its values of faith and freedom
Republican National Committee

Connect With Us

Republican National Committee
Chairwoman Ronna McDaniel
News & Videos
  • 310 First Street SE, Washington, DC 20003
  • 202-863-8500

By providing your phone number, you are consenting to receive calls and SMS/MMS msgs, including autodialed and automated calls and texts, to that number from the Republican National Committee. Msg&data rates may apply. Terms & conditions/privacy policy apply 80810-info.com.

Paid for by the Republican National Committee. Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com

By providing your phone number, you are consenting to receive calls and SMS/MMS msgs, including autodialed and automated calls and texts, to that number from the Republican National Committee. Msg&data rates may apply. Terms & conditions/privacy policy apply 80810-info.com.

Paid for by the Republican National Committee.
Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com