• SELECT SITE CURRENCY
Select a currency for use throughout the site
Intraday Economic News: U.S. Nonfarm Payrolls Gain 163,000 Jobs In July Aug 12
Standard & Poors, August 2012
U.S. nonfarm payrolls gained 163,000 jobs in July--much larger than the consensus expectation of 100,000. This was also the largest monthly increase since February, when 259,000 jobs were created. The private sector added 172,000 jobs to the work force, offsetting the loss of 9,000 jobs at the government. The unemployment rate ticked up to 8.3% from 8.2% the month before, as a 195,000 drop in household employment surpassed the 150,000 decline in the labor force. The workweek held at 34.5 hours, with average hourly earnings rising by 0.1% in July, after jumping 0.3% the month before. Earnings are up 1.7% versus last July. While the bump up in the unemployment rate was a surprise, the much-stronger-than-expected increase in payrolls will...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.