2017 Economic Calendar
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Employment Situation  
Released On 8/4/2017 8:30:00 AM For Jul, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Nonfarm Payrolls - M/M change222,000 231,000 178,000 144,000  to 220,000 209,000 
Unemployment Rate - Level4.4 %4.3 %4.3 % to 4.4 %4.3 %
Private Payrolls - M/M change187,000 194,000 175,000 151,000  to 205,000 205,000 
Manufacturing Payrolls - M/M change1,000 12,000 3,000 -3,000  to 10,000 16,000 
Participation Rate - level62.8 %62.9 %
Average Hourly Earnings - M/M change0.2 %0.3 %0.1 % to 0.4 %0.3 %
Average Hourly Earnings - Y/Y change2.5 %2.5 %2.4 % to 2.6 %2.5 %
Av Workweek - All Employees34.5 hrs34.5 hrs34.4 hrs to 34.5 hrs34.5 hrs

Consensus Outlook
After rising a strong 222,000 in July, nonfarm payroll growth is expected to slow back to trend under 200,000, to a consensus 178,000 in July. The unemployment rate is seen tightening one notch to 4.3 percent and average hourly earnings, which slowed to only 0.2 percent in June, are expected to move back to a 0.3 percent monthly gain. Year-on-year earnings are seen unchanged at 2.5 percent. Other calls are for a 175,000 rise in private payrolls, a modest 3,000 gain for manufacturing payrolls, and no change in the workweek at 34.5 hours.

Definition
The most closely watched of all economic indicators, the employment situation is a set of monthly labor market indicators based on two separate reports: the establishment survey which tracks 650,000 worksites and offers the nonfarm payroll and average hourly earnings headlines and the household survey which interviews 60,000 households and generates the unemployment rate.

Nonfarm payrolls track the number of part-time and full-time employees in both business and government. Average hourly earnings track employee pay while the average workweek, also part of the establishment survey, tracks the number of hours worked. The report's private payroll measure excludes government workers.

The unemployment rate measures the number of unemployed as a percentage of the labor force. In order to be counted as unemployed, one must be actively looking for work. Other commonly known data from the household survey include the labor supply and discouraged workers.  Why Investors Care
 
 

2017 Release Schedule
Released On: 1/62/33/104/75/56/27/78/49/110/611/312/8
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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