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The July jobs report unexpectedly missed expectations, with a loss of 23,000 jobs.

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The July jobs report unexpectedly missed expectations, with a loss of 23,000 jobs.

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13 segments

0:00

a drop of 23,000 jobs in the month of

0:04

July. And average hourly earnings

0:06

ticking up less than estimated, only by

0:09

a tenth of 1%. Average hourly earnings

0:11

on a year-over-year basis up 3.2%. And

0:14

the labor force participation rate going

0:16

down, not up to 61.4%.

0:20

The unemployment rate coming in also

0:22

ticking down, perhaps because we've got

0:24

that decrease in labor force

0:25

participation, 4.1%. That is a tenth of

0:28

a percent better than estimated and a

0:30

tenth of a percent lower than the prior

Interactive Summary

The report highlights key labor market statistics for July, noting a decline in jobs, sluggish wage growth, a decrease in labor force participation, and a slight improvement in the unemployment rate.

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