Wu Blockchain (@WuBlockchain): U.S. nonfarm payrolls rose by 73,000 in July, with 83,000 jobs added by the private sector. The unemployment rate climbed to 4.2%. However, attention…
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U.S. nonfarm payrolls rose by 73,000 in July, with 83,000 jobs added by the private sector. The unemployment rate climbed to 4.2%. However, attention focused on sharp downward revisions to previous data: May and June job gains were revised down to just 19,000 and 14,000 respectively, cutting a total of 258,000 jobs from prior estimates.