Hello, and welcome to the first-ever Odd Lots Jobs Day liveblog. Here's the big picture takeaway from today's report. The live updates can be found below it. (These observations are my own and do no necessarily reflect the opinion of Bloomberg LP and its owners.)
After two consecutive months of disappointing data, the June Nonfarm Payrolls report offers some cause for more optimism. Not only were 850K jobs created in the month (vs. 720K expected) there were solid revisions to the previous two months. What's more, the hard hit Leisure & Hospitality sector continues to add back workers at an impressive clip.