Economics - US Non-Farm Payrolls

US Non-Farm Payrolls - August 3, 2012


Some welcome good news in the US labour market this morning. Employment data for July showed that the US economy added 163,000 new jobs, a jump from June's anemic 64,000 jobs. The US unemployment rate remained ticked slightly higher to 8.3 per cent as new additions to the labour force offset gains in employment.  


Despite slightly better employment growth, economic growth in BC's largest trading partner remains stagnant. Second quarter US real GDP growth registered just 1.5 per cent in the second quarter and we expect the US economy to expand just 2.3 per cent overall in 2012. 

For more information, please contact: 

Cameron Muir
Chief Economist
Direct: 604.742.2780
Mobile: 778.229.1884
Email: cmuir@bcrea.bc.ca


BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).


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