July Jobs report

#Jobs — Doubling expectations and defying recession fears; earnings up strongly

Gain of +528,000 non-farm payroll jobs, vs. expected gain of 268K
Unemployment at 3.5%, down by 0.1
U6 unemployment 6.7%, unchanged
Labor force participation 62.1%, down by 0.1
Average hourly earnings up strongly by 0.5%; 5.2% increase over the year

May jobs revised up by +2K to +386K
June jobs revised up by +26K to +398K