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Benzinga
Benzinga
Business
Chandrima Sanyal

RARE PHOTOS: Bond etfs could catch a tailwind from jobs data - The Real Truth

ETF Bureau of Labor Statistics US Federal Reserve Jerome Powell United States
Bonds

The U.S. job market created only 73,000 jobs in July, according to the Bureau of Labor Statistics. Additionally, downward revisions to May and June resulted in the elimination of a whopping 258,000 jobs. That means the U.S. saw the weakest tri-monthly employment print since the pandemic, according to Bloomberg. That’s not just a slowdown, it’s a red flag in a suit and tie.

Also Read: Labor Market Is Cracking–And Trump Now Threatens Fed Takeover

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