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.
A Big Bounce in June Job Creation: What We Learned During the Week of July 4 – 8
Payrolls and service sector activity both rebounded in June after showing weakness during May.
