Brian Binke, CEO of The Birmingham Group – A member of the Sanford Rose Associates® network of offices, Featured in GuruFocus, Unemployment Rate Ticks Downward in July

Plano, TX 8/10/2017

By: David Goodloe

More often than not this year, economists’ expectations of job creation and the monthly unemployment rate have been too high – and, in part, July was no exception.

Economists expected the unemployment rate to drop from 4.4% to 4.3%, a 16-year low, and they were right about that, but they missed the boat on job creation. Employers created 209,000 jobs in July, beating expectations by 26,000.

”This is an excellent job report for July,” said Brian Binke, principal at Berkley, Michigan-based Birmingham Group/Sanford Rose Associates, one of the largest recruiting firms/networks in the U.S. ”Every sector had gains in employment.”

Read More: https://www.gurufocus.com/news/550589/unemployment-rate-ticks-downward-in-july