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Unexpected rise of non-farm payrolls

Miguel A. Rodriguez
Miguel A. Rodriguez
06 August 2021
The job market seems to be on an upward trend, according to the recent figures from the Bureau of Labor Statistics

Despite fears over the Delta variant and companies struggling with tight labor supply, hiring rose in July.

Non-farm payrolls figures came in at 943,000, while the unemployment rate dropped to 5.4%. Both figures beat estimates: 870,000 new jobs and 5.7%, respectively. While the number of payrolls is impressive, the drop in the unemployment rate was surprising considering that the labor force participation rate ticked up to 61.7%, tied for the highest level since the pandemic hit in March 2020.

Following the past several months' trend, leisure and hospitality added the most jobs – 380,000. It was tailed by education, with 261,000 new hires.

After the news hit the wires, USA30 gained 0.2%.


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.