Contentious July Jobs Report Confirms the U.S. Economy Is Slowing Sharply. Here’s Why

Contentious July jobs report confirms the U.S. economy is slowing sharply. Here’s why

The weakness in job growth points to an economy that may be slowing even more than some of the traditional metrics are showing.

These 6 sectors actually added jobs in July

Amid a weak jobs report, six industries managed to make gains, buttressing the bleeding elsewhere in the economy

Americans are slashing their spending as worries over the economy grow

The U.S. economy added just 73,000 jobs in July

The dollar is being punished for the jobs data that revealed how weak the U.S. economy really was

The dollar, which has lost value all year against foreign currencies, had been making a comeback in recent weeks. But Friday’s jobs number from the BLS—and the downward revisions to previous numbers that accompanied it—“knocked the stuffing out of the dollar’s rally,” ING says. The U.S. dollar fell off a cliff on Friday after the Bureau of Labor Statistics dramatically revised downward its estimates of how many jobs the American economy was crea…

The Jobs Report: Why July Was Bad News

I always caution not to make too much of a single report or single month’s data, but I think we can look at the July report and say it was unambiguously

July Jobless Report Confirms What Already Knew

Market Minder, Fisher Investments July's report confirms what markets already knew.