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 were 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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Author: James Rubin, Sam Reynolds, Stephen Alpher, Krisztian Sandor

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