So much for any doubts about a September taper: with the street expecting a 165K NFP number for June, the actual print of 195K following an upward revised May print of 195K as well, means the Fed’s September flow fade, aka Taper, is now virtually assured. On the other side, the Household Survey printed a 160K increase in jobs. The Unemployment Rate stayed at 7.6% despite expectations of a drop to 7.5%, although the real action was in the underemployment rate which exploded from 13.8% to 14.3%.
Stevie Janowski @KennyPowersFanbartb @bartb1067SEPepper @sepepper
Underemployment Rate Soars To 14.3% bit.ly/15ltE5TElected Mob @ElectedMobslone @sloneRare @Rare
Underemployment Rate Soars To 14.3% bit.ly/15ltE5TSteven Buehler @swbuehler
*Underemployment* is the key number here. It's still very stubbornly high. fb.me/2w9L9Ta2eCollapse Report @ThreeEsEmail
June Payrolls +195K Much Higher Than Expected; Underemployment Rate Soars To 14.3% | Zero Hedge bit.ly/1aL0q4aLois Levine Fishman @FishmanLevine
Underemployment Rate Soars To 14.3% | Zero Hedge zerohedge.com/news/2013-07-0…ConservativeLinda @Linda18788
June Payrolls +195K Much Higher Than Expected; Underemployment Rate Soars To 14.3% zerohedge.com/news/2013-07-0…