Constructive US Jobs, but Where Do the Euro Bulls make a Stand?
The US created 209k jobs in July and jobs growth in June was revised higher (+9k) to 231k. The unemployment rate ticked down to 4.3%, matching the cyclical low set in May. This is all the more impressive because the participation rate also ticked up (62.9% from 62.8%). The underemployment rate was unchanged at 8.6%. …
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