This Week's State Of The Economy - What Is Ahead? - 02 July 2021

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Jul 13, 2021

This Week's State Of The Economy - What Is Ahead? - 02 July 2021

June has now passed and the economic data seems a little mixed.  We added 850,00 jobs in June, but much of that was State governments school districts in some parts of the Country reopening just in time for summer break.  Subtract that and nonfarm employment increased 620,300, which was below consensus.  Both the labor force participation rate (61.6%) and the employment-population ratio (58%) were unchanged in June.  It would be nice to see those numbers go up, and logically they should with most States discontinuing  participation in expanded Federal unemployment benefits, but June is probably a little too soon to see that reflected.




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