USD labour market hits bottom
The US employment report for July reported headline non-farm payrolls at -51,000 from a revised -51,000 in June, on consensus expectations of -75,000. Historical revisions were positive. June non-farm payrolls were revised to -51,000 from an initial estimate of -62,000, while May was revised to -47,000 from a previously reported -62,000. Net historical revisions totalled -26,000 jobs. Separately, the household survey reported a decrease of -72,000 jobs in July from -155,000 in June. The
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