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Analysis

U.S. Employment Report Shows Prolonged Malaise

By Prajakta Bhide

EXECUTIVE SUMMARY

The U.S. Bureau of Labor Statistics employment report for July further dampened hopes of significant revival in the labor market. Leaving aside distortions from census-related employment, private payrolls were positive but weak, and substantial downward revision to earlier published estimates shows the labor market inertia. Any cheer derived…

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