OPINION: There is no growth in the job market

From "New York Times": "The Job Market Is Stuck in Place"

"With 163,000 new jobs created, July’s employment growth topped both analysts’ expectations and the meager job gains in May and June. While that growth was not enough to reduce the jobless rate — now 8.3 percent — it was enough to boost the stock market. For investors, the job tally was just high enough to be a pleasant surprise and low enough to give them hope that the Federal Reserve would soon intervene to juice the economy." "Read more..."

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