The US economy added 162,000 workers in July as unemployment continue its downward trend of the last couple of years from 7.6% to 7.4%.
It had been hoped that the payrolls data would show more jobs added, but the drop in the unemployment rate was nevertheless welcome.
Some people are trying to down play the progress made by the US, terming it a 'bubblecovery'.
No. It's a steady recovery.
Source: Bureau of Labor Statistics
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