NFP = -131k; Private Payroll +71k; UE Unchanged

August 6, 2010 8:39am by Barry Ritholtz

“Total nonfarm payroll employment declined by 131,000 in July, and the unem-
ployment rate was unchanged at 9.5 percent, the U.S. Bureau of Labor Statis-
tics reported today. Federal government employment fell, as 143,000 temporary
workers hired for the decennial census completed their work. Private-sector
payroll employment edged up by 71,000.

Both the number of unemployed persons, at 14.6 million, and the unemployment
rate, at 9.5 percent, were unchanged in July.”

I am off to pull some big ‘uns out of the lake . . . Feel free to add your comments below . . .

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