The Jobs Report – July 2020

What you need to know:

  1. Job gains were broad-based, with most sectors adding to payrolls
  2. The Government added 300k jobs
  3. Along with the unemployment rate, the underemployment rate dropped 1.5% to 16.5% from 18.0%
  4. Most job gains came from those previously classified as on temporary layoff
  5. While a beat of consensus expectations and a good report, there is much work still to be done to ensure temporary unemployment doesn’t become permanent  

Below is a link to the full statistical summary provided by the Bureau of Labor Statistics:*

http://www.bls.gov/news.release/empsit.b.htm


*The information contained herein has been prepared from sources believed to be reliable but is not guaranteed and is not a complete summary or statement of all available data nor is it considered an offer to buy or sell any securities referred to herein. Links included herein are to unaffiliated third party sites. The Firm cannot verify or guarantee the accuracy of any information presented therein. By clicking on these links, the reader understands and acknowledges they are leaving Ziegler Capital Management’s web page.