US Employment

Wow. The July US employment report was downright lousy. The headline non-farm payrolls number was disappointing, at 162,000 vs expected 185,000, (with 26,000 downward revisions to June and May), and a large part of the fall in the unemployment rate 7.4% can be explained by a resumption of the fall in those actually trying to find work.
PRESS ASSOCIATION -- The worst US employment data for nearly a year has increased fears of a global recession and sparked