Great News, we added 255 thousand jobs in July, most economists were predicting anything from 110 to 200 thousand. I am including this table, please take a look at a couple of indicators that I follow.
i) participation rate has been increasing for the last three months, this is very important.
Business inventories have been down for the last three months however, although not a great increase, manufacturing gained 6000 jobs in July, this could be a trend signaling increasing inventories .
Let us not forget that we have lost almost 200 thousand jobs in the oil industry over the last 24 months. When oil breaks the 55-58 Mark we will be recovering some of these jobs.
i) participation rate has been increasing for the last three months, this is very important.
Business inventories have been down for the last three months however, although not a great increase, manufacturing gained 6000 jobs in July, this could be a trend signaling increasing inventories .
Let us not forget that we have lost almost 200 thousand jobs in the oil industry over the last 24 months. When oil breaks the 55-58 Mark we will be recovering some of these jobs.
