NFP for July comes in below estimates!
U.S. job growth slowed in July, rising by only 92,000 jobs, as the decline in manufacturing and construction jobs offset some of the gains in the service sector. The unemployment rate rose by 0.1% to 4.6%, and average hourly earnings rose by $0.06 cents, or 0.3%, to $17.45. The Labor Department also revised the June and May payroll figures lower by 6,000 and 2,000 jobs, respectively. Just after the figures were released, the September mini-S&P 500 futures are now lower by 5.25, to stand at 1476.50, and September 10-year Notes are trading at 107-180, up 0-030.
