278 days ago • Posted by Charles-Henry Monchau

US Payroll Number smashes expectations as 1.76 million jobs added in July vs. 1.48 million est.

The US economy added 1.763MM jobs in July, which is well above the 1.48 million estimate but still well below June's record 4.8MM surge. Putting the rebound in context, the US economy still has a ways to go before it fills even half the labor gap that opened after the March covid shutdowns (see chart below - source: Bloomberg).

US job numbers smashed expectations