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Economic Statistics for 5 Jul 13

Today’s only economic statistic is the Employment Situation. The headline numbers: 195,000 Net new jobs were created in June; the unemployment rate remained steady at 7.6%; average weekly hours were unchanged at 34.5; average hourly earnings rose by 0.4% to $24.01. Looking a bit deeper, the labor force participation rate actually rose a tick to 63.5% as an additional 160,000 people were employed. The real unemployment rate is closer to 11.65%.

Dale Franks
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