USA & Canada Intelligence Brief for August 7: American payrolls fell 23,000 and a summer of job gains was revised away, shares rose to near a record
Rio Times · USA & Canada Intelligence Brief August 7
USA & Canada Intelligence Brief August 7 — Key Facts
—Payrolls fall American employers cut 23,000 jobs in July, against forecasts of an 83,000 gain.
—A summer revised away May and June were cut by a combined 103,000 jobs, with May reduced from 129,000 to 63,000.
—Participation slides The share of Americans working or looking for work fell to 61.4%, the lowest in over five years.
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