More Frightening Econmic News

Jobs growth unexpectedly strong in July
WASHINGTON (Reuters) – U.S. job growth picked up last month as employers added 207,000 workers to their payrolls, a healthy gain that outstripped Wall Street expectations, a government report showed on Friday…
…A net upward revision of 42,000 to the combined job count for May and June contributed to the report’s solid tenor. U.S. employers added 166,000 workers in June and 126,000 in May.
The pickup in job growth last month pushed this year’s average monthly payroll gain to 191,000, a pace economists see as strong enough to slowly tighten the labor market.

This isn’t supposed to be happening, as I recall.

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