U.S. seasonally adjusted nonfarm payrolls fell by 23,000 in July, far below the 80,000 gain that had been expected. The June figure was revised down as well, from an initial increase of 57,000 to 20,000. The unemployment rate improved to 4.1% last month, better than the 4.2% forecast and down from 4.2% in June. PANews reported the data on August 7, citing Jin10. The publisher also noted the report is for market information only and does not constitute investment advice.
U.S. seasonally adjusted nonfarm payrolls dropped by 23,000 in July, far below the 80,000 increase that had been expected, according to PANews, which cited Jin10 data on August 7.
The previous month's figure was also revised down, from an initial gain of 57,000 to 20,000. The unemployment rate came in at 4.1%, slightly better than the 4.2% forecast and down from 4.2% in June.
PANews noted the content is intended for market information only and does not constitute investment advice.
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