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July Jobs Report
by , 08-04-2017 at 08:40 AM (1728 Views)
Strong U.S. jobs report bolsters case for further Fed tightening
https://in.reuters.com/article/usa-e...-idINKBN1AK1HEThe Labor Department said that nonfarm payrolls increased by 209,000 jobs last month amid broad-based gains. June's employment gain was revised up to 231,000 from the previously reported 222,000.
The unemployment rate dropped one-tenth of a percentage point to 4.3 percent in July, matching a 16-year low touched in May. It has declined four-tenths of a percentage point this year and is now at the most recent Fed median forecast for 2017.
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