The new jobs report is in. The consensus was for 180,000 new jobs; that number was beat by 75,000. Below is a screenshot of the numbers from Bloomberg.com.
Some more stats of importance in the report:
Hourly wages rose by about 8 cents.
The participation rate ticked up .1 to 62.8%. (Trump is correct when he says this is quite low; but he fails to mention that the 37.2% not working includes retirees, people who can’t work, and full time students.)
The June number, which had show 287,000 new jobs, was revised up to 292,000.
The U-6 rate (Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.) ticked up .1 to 9.7%.
As one might expect, the stock market is liking the news, with Dow Futures up about 100 points at 8:56am EDT.