Jobs Report Today

Summary by Shedlock

• US payrolls +18,000
• Last month quietly revised lower to +25,000 from +54,000
• US unemployment unexpectedly rises +.1 to 9.2% despite drop in participation rate
• Since March, number of unemployed rises by 545,000
• Household survey number unemployed up 173,000
• Household survey number of employed down 445,000
• 272,000 people dropped out of the labor force, reversing the labor force gain of 272,000 last month.
• Average weekly workweek drops by 0.1 hours
• Average manufacturing hours drops by 0.3 hours
• Average private hourly earnings decrease 1 cent
• There has been virtually no improvement in part-time employment in a full year. 8.5+ million workers want a full time job and cannot find one

Update:  From a trader, a consensus perspective

• Nonfarm Private Payrolls 57K vs 110K Briefing.com consensus 
• June Nonfarm Payrolls 18K vs 80K Briefing.com consensus
• June Unemployment Rate 9.2% vs 9.1% Briefing.com consensus
• June Hourly Earnings -0.1% vs +0.2% Briefing.com consensus
• June Average Workweek 34.3 vs 34.4 Briefing.com consensus
• May Nonfarm Payrolls revised to 25K from 54K; April Nonfarm Payrolls revised to 217K from 232K