It is a sign of how far the US economy has come in recent months that the 209,000increase in non-farm payroll employment in July will probably be viewed as adisappointment in the markets. The consensus forecast was as high as 230,000.Admittedly, the unemployment rate also edged up to 6.2% last month, from 6.1%, butthat increase was principally because 329,000 people joined the active labour force.
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