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US labor market adds 73,000 jobs in July while unemployment rate hits 4.2%
- taylodl 1y agoLabor is down and GDP is up. Interesting.That's not what you expect to see in a strong, healthy economy.
- Majora320 1y agoThe nominal increase in GDP is almost all due to a decrease in imports relative to last quarter, when companies were stocking up ahead of the tariffs. Growth looks significantly more anemic without this factor.