Jobs Report an Upside SurprisePhil Mintz
Another sign the economy has turned came on Aug. 8, when the government reported that nonfarm payrolls declined by 247,000 in July. The number, while still negative, was better than analysts had expected. In addition, the unemployment rate, which some had expected to increase slightly, actually posted a slight decline, to 9.4%, compared with 9.5% in June.
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