Much anticipated NFP data release came out last Friday – the numbers fell short of expectations and previous report, only 209K jobs were created over the last month vs. 288K in June while averaged level of expectations was 233K.
Albeit at the surface data was not devastatingly bad, at the slightly closer examination the report clearly demonstrates the dolldrums the US labor market is in – the average hourly compensation stagnates if accounted for CPI numbers (the former is up 0.2% MoM while the…
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