The 223,000 increase in payroll employment in June was a bit weaker than we had been expecting, but is offset to some degree by the fall in the unemployment rate, to 5.3% from 5.5%. As such, we still think the Fed will hike interest rates in September.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services