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US Jobs Report Falls Short of Projections
The latest US jobs report revealed a decline of 23,000 jobs in July, exceeding expectations. This follows a revised downward estimate of 20,000 jobs in June. Manufacturing jobs, however, showed a stronger-than-expected growth. Average hourly earnings and the labor force participation rate also saw slight adjustments.
The essential points
- 01US jobs report showed a decline of 23,000 jobs in July
- 02Manufacturing jobs grew more than expected
- 03Average hourly earnings ticked up by 3.2% on a year-over-year basis
- 04Labor force participation rate decreased to 61.4%
The full brief
The latest US jobs report revealed a decline of 23,000 jobs in July, exceeding expectations. This follows a revised downward estimate of 20,000 jobs in June.
Manufacturing jobs, however, showed a stronger-than-expected growth. Average hourly earnings and the labor force participation rate also saw slight adjustments.