Mixed Outlook

The US employment report is really good news. The number of Non-Farm Payroll in July was 943K, which was better than the expected 925K.

Mixed Outlook

The US employment report is really good news. The number of Non-Farm Payroll in July was 943K, which was better than the expected 925K. In addition to being higher than the 850K in June, it also hit a high since last August. The unemployment rate dropped from 5.9% to 5.4%, a rare improvement of 5 basis points at a time, which is so dramatic.

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