Goldilocks

  • June nonfarm payrolls revised to 231k from 222k
  • July unemployment rate was 4.3%, versus 4.4% in June
  • July average hourly earnings increased 0.3% after increasing an unrevised 0.2% in June
  • The average workweek in July was 34.5 hours, versus 34.5 hours in June
  • The labor force participation rate increased to 62.9% in July from 62.8% in June

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