NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Workforce

At 255,000, July’s Job Gains Are Strong

By: Beth Burnham Mace  |  August 05, 2016

The first Friday of the month at 8:30 EDT is widely anticipated by market participants as the Labor Department presents a fresh gauge of the most recent economic performance in its release of the labor report for the prior month. Today’s number was even more closely watched since recent data releases on the economy (such as the second quarter GDP report that showed an expansion of only 1.2% at an annualized rate) suggest sluggish overall economic growth. The Federal Reserve will next meet on September 20 and 21 to assess the strength of the economy and decide if it should raise its benchmark interest rate. Last week, it decided to leave rates unchanged. 

-->