Does This Weak Jobs Report Matter?

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Good morning!

There was something for both the hawks and the doves in the latest jobs report. 

The U.S. economy lost 23,000 jobs in July, a big miss considering the expectations were for an 83,000 increase. The hiring strength of previous months was also a mirage. In May and June, the economy added 103,000 fewer jobs than expected.

The unemployment rate, as has become the trend, edged down to 4.1% from 4.2% in June. At first glance that seems like a sign of...

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