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June Non-Farm Payroll Shows Decent Job Growth in June

Today, the Bureau of Labor Statistics released its monthly non-farm payroll report. It saw solid jobs growth in June, stronger than what economists expected. The May report was also revised higher.

NFP June: 222K
Forecast: 175K
NFP May: 152K (revised up from 138K) 
(courtesy of forexfactory.com)


Historically, the 222K reading is just above the middle of its 5-year range. 


(courtesy of tradingeconomics.com)

The unempoyment rate stands at 4.4%, a tick higher than the 4.3% seen in April. 

Furthermore, average earnings per hour rose 2%, or $0.04, making it $26.25.

The US Dollar got a boost after the NFP. The improved job growth, if sustained should let the Fed raise interests 2 more times as they had planned.