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The rise in wages in the non -profession was lower than expected in July, and the unemployment rate marked higher, increasing the signs of labor market problems in the US.
The job growth was 73,000 per month, higher than June 14, but below even the scanty presen Jones estimated the 100,000 profit. In June and May, the results were revised sharply below, decreasing by 258,000 from previously announced levels.
At the same time, unemployment rate rose to 4.2%according to the forecast.
The total amount of June decreased from the previously noted 147,000, while Count May decreased to only 19,000, looking at 125,000.
Futures on the stock market fell further after the news, while the Treasury’s profitability was also sharply lower. A weak job report, including dramatic reviews, can give an incentive to the federal reserve system to reduce interest rates if it will occur in September.
This is conducting the news. Please update updates.
