
“Cold shower”: US employment shrinks surprisingly
The employment increase in the two previous months was revised downwards by a total of 103,000 jobs
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Summary
The employment increase in the two previous months was revised downwards by a total of 103,000 jobs. In July, the number of employees outside agriculture fell by 23,000, as the Ministry of labor in Washington announced. Also year-on-year, wage growth fell short of expectations at 3.2 percent.
Furthermore, Most recently, the Fed had held the key interest rate unchanged in the range between 3.50 and 3.75 percent. Economists had expected an average of 80,000 new jobs. The increases in hourly wages were “extremely modest,” said analyst Chlench.
In addition, In view of the disappointing development in employment, wages have risen unexpectedly weakly. Wages have risen weakly In July, the unemployment rate fell by 0.1 percentage points to 4.1 percent.
Cross-referenced from 4 sources.
Factual coreconfirmed by several independent voices
The employment increase in the two previous months was revised downwards by a total of 103,000 jobs.
reliability low1/2 sourcesIn July, the number of employees outside agriculture fell by 23,000, as the Ministry of labor in Washington announced.
reliability low1/2 sourcesAlso year-on-year, wage growth fell short of expectations at 3.2 percent.
reliability low1/2 sourcesMost recently, the Fed had held the key interest rate unchanged in the range between 3.50 and 3.75 percent.
reliability low1/2 sourcesEconomists had expected an average of 80,000 new jobs.
reliability low1/2 sourcesThe increases in hourly wages were “extremely modest,” said analyst Chlench.
reliability low1/2 sourcesIn view of the disappointing development in employment, wages have risen unexpectedly weakly.
reliability low1/2 sourcesWages have risen weakly In July, the unemployment rate fell by 0.1 percentage points to 4.1 percent.
reliability low1/2 sources
Disputedincompatible versions — to verify
No factual contradiction detected between sources.
Framing by sidesame fact, different words — loaded terms highlighted
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No blind spot detected: every side covers the same facts.
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