8:30a Non-farm payrolls
Nonfarm Payrolls - M/M 528,000 actual vs 398,000 (rev) prior
Unemployment Rate 3.5% actual vs 3.6% prior
Private Payrolls - M/M 471,000 actual vs 404,000 (rev) prior
Manufacturing Payrolls - M/M 30,000 actual vs 27,000 (rev) prior
Participation Rate 62.1 actual vs 62.2% prior
Average Hourly Earnings - M/M 0.5% actual vs 0.4% (rev) prior
Average Hourly Earnings - Y/Y 5.2% actual vs 5.2% (rev) prior year
Average Workweek 34.6hrs actual vs 34.6hrs (rev) prior
Consensus Outlook
A 250,000 rise is Econoday's consensus for nonfarm payroll growth in July which would be much lower than June's as-expected 372,000. Average hourly earnings in June cooled to 0.3 percent on the month and to 5.1 percent on the year with steady showings expected for July, at 0.3 and 5.0 percent.
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.
Dan 
