The Labor Market through July: Detailed Analysis

The Labor Market Picture: Payroll Employment Up, Household Employment Down, the Unemployment Rate Up, and Average Hourly Earnings Decelerating

On Friday morning, the Labor Department released their initial payroll estimate of employment growth for the month of July, coming in at a seasonally adjusted increase of around 163,000 as compared to the previous month’s revised 64,000.  Also reported, and based off of a different survey, were the household employment numbers.  These numbers indicated an employment decline of 195,000 and an increase in the unemployment rate to 8.3 percent.

On the whole, what are the top...