The government Friday morning reported the economy as having added 187,000 jobs in July versus forecasts for 200,000. In addition June’s originally reported 209,000 job gain was revised lower to 185,000. There was some stronger data in the report, with the unemployment rate slipping to 3.5% versus forecasts for 3.6%, and average hourly earnings rising at a 4.4% pace against expectations for 4.2%.
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