US Labor Department Revises Up June and July Job Figures by 55,000
Macro
The US Labor Department, in its August employment report released on the 4th, revised upward the nonfarm payroll figures for June and July by a combined 55,000. June saw an increase of 31,000 jobs, a revision of 11,000 higher than previously reported. July was revised to an increase of 21,000 jobs, up from a previously reported decrease of 23,000. Average hourly earnings, which affect inflation trends, rose 3.1% year-over-year in August, slowing from the previous month's 3.2% increase.
