Jobs Data: Good News Is Bad News
Unemployment Rate Hits 3.5%
Another day of good news is bad news with the U.S. payrolls data coming in much hotter than expected today. Nonfarm payrolls rose 528,000 for the month of July vs estimates of 250,000. With the latest data, the unemployment rate fell to 3.5% from 3.6%, revisiting lows that the United States hasn’t seen since the 1960s. In resp…
Keep reading with a 7-day free trial
Subscribe to Bitcoin Magazine Pro™ to keep reading this post and get 7 days of free access to the full post archives.