Jobs report review – July 8, 2016

Leisure and hospitality employees increased by 59,000 where as health services headcount increased about the same, between ambulatory and hospitals added personnel. Financial activities, telecommunications and technology information topped off the list.

ADP non-farm payroll figures (three month rolling) predicts what the number might be and should be watched on a regular basis.

287,000 total  additions: recent college grads enter the workforce by around 1.5 million, therefore anything annual in excess of job creation should put upward pressure on entry level jobs.

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