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Why July’s Payroll Increase Only Tells Part of the Story: Week Ahead

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Wall Street might be cheering too soon over Friday’s upbeat nonfarm payroll report for July from the Labor Department. The U.S. Bureau of Labor Statistics said that total nonfarm payroll employment rose by 943,000 in July, bringing down the unemployment rate by half a percentage point to 5.4 percent. and the number of unemployed persons…

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