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The economy added 164,000 jobs in July while unemployment held steady at 3.7%. Annual wage growth went up to 3.2%.
Overall the report satisfied analysts and economists since it almost fell in line with expectations. It shows a healthy economy despite a slight slowdown.
Economists - Wall - Street - Journal - Report
Economists told The Wall Street Journal they expected the report to show 165,000 new jobs along with an unemployment rate of 3.6% and 3.1% annual wage growth.
The broader measure of unemployment went down as well:
Measure - Unemployment - Work - Americans - Jobs
A broader measure of unemployment and underemployment—which includes those too discouraged to look for work, plus Americans stuck in part-time jobs but who want to work full-time—fell to 7.0% in July from 7.2% in June. That rate, known as the U-6, remains slightly...
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