The Bureau of Labor Statistics has released the July Employment Situation Report. The results were disappointing. From the release: Total nonfarm payroll employment declined by 131,000 in July, and the unemployment rate was unchanged at 9.5 percent, the U.S. Bureau of Labor Statistics reported today. Federal government employment fell, as 143,000 temporary workers hired for the decennial census completed their work. Private-sector payroll employment edged up by 71,000. 06Aug10 RTRS- U.S. JULY NONFARM PAYROLLS -131,000 (CONSENSUS -65,000) VS JUNE -221,000 (PREV -125,000), MAY +432,000 (PREV +433,000) 06Aug10 RTRS -US JULY PRIVATE SECTOR JOBS +71,000 (CONS +90,000), JUNE +31,000 (PREV +83,000); GOVT -202,000, CENSUS JOBS -143,000 06Aug10 RTRS -U.S. JULY JOBLESS RATE 9.5 PCT (CONS 9.6 PCT) VS...(read more)

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