The number of job openings hit another post-recession high in July. Meanwhile, the same month was not as hot for the service sector.
151,000 New Jobs in August: What We Learned During the Week of August 29 – September 2
Employers added fewer jobs in August, while consumers continued to spend in July.
Largest Payroll Gain in 2016, Other Data Not as Robust: What We Learned During the Week of August 1 – 5
The July employment report was a bit of an antidote to the disappointing Q2 GDP data released a week earlier. Surveys of purchasing managers and data on construction spending did not provide additional relief.
