▼ Bearish
US July nonfarm payrolls decreased by 23,000, contrary to expectations of an increase of 80,000.
The unemployment rate for July was reported at 4.1%, slightly below the estimated 4.2%.
Average hourly earnings rose by 0.1% month-over-month, lower than the expected 0.3%, and increased by 3.2% year-over-year, below the forecast of 3.5%.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.