July 2016 US Non-farm payrolls 255k vs 180k exp m/m

• Prior 287k. Revised to 292k
• Unemployment rate 4.9% vs 4.8% exp. Prior 4.9%
• Average hourly earnings 0.3% vs 0.2% exp m/m. Prior 0.1%
• 2.6% vs 2.6% exp y/y. Prior 2.6%
• Participation rate 62.8% vs 62.7% prior
• Underemployment 9.7% vs 9.6%
• Private payrolls 217k vs 170k ecp. Prior 265k. Revised to 259k
• Government payrolls 38k vs 22k prior. Revised to 33k
• Manufacturing payrolls 9k vs 4k exp. Prior 14k. Revised to 15k
• Two month net payroll revision 18k

A strong report.  But then again it was expected after all the Trump bashing taking place the last several days the happy hats have to be on, this report has become more political than reality...want reality ask the folks looking for work on the street.

 September FED rate hike? if they don't they never will....