Brian S. Wesbury - Chief Economist
Bob Stein, CFA - Senior Economist
Private sector payrolls increased 172,000 in June. Revisions to May/June offset each other, keeping the net gain at 172,000. July gains were led by professional & business services (+49,000), education & health (+38,000),and restaurants & bars (+29,000). The weakest sector was government (-9,000).