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Payroll data

Payrolls Beat Forecast, Unemployment Falls

Payrolls in the US fell by -247,000 in July, with the unemployment rate moving to 9.4% from 9.5%.  This compares to last month’s revised change of -443K, and a consensus forecast of -300K.  This number exceeds both the streets and my own expectations.  The drop in the unemployment rate was caused by a reported decrease […]