Payrolls Beat: 209K Jobs Added In July, Solid Wage Growth, Unemployment Drops

And now the dovish Fed has another problem: the BLS reports that in July the US added 209K jobs, beating consensus expectations of a 180K print, while June was revised higher to 231K from 222K, even as May was revised modestly lower from 152K to 145K, for a net gain of +2,000 in the prior two months.

Source: Payrolls Beat: 209K Jobs Added In July, Solid Wage Growth, Unemployment Drops

The key chart in all of the employment info is this one:

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