Commentary
The United States added 1.76 million jobs in July 2020, compared to a consensus estimate of 1.48 million, while the unemployment rate fell to 10.2 percent, versus 10.6 percent expected.
A man walks past a retail store that is going out of business due to the coronavirus pandemic in Winnetka, Ill., on June 23, 2020. Nam Y. Huh/AP Photo
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Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat” (2015), and “Life in the Financial Markets.”
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