Mixed July Jobs Report; Wage Growth Still Sluggish




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Summary: Special Edition for August 3: Analysis of the July employment report. The U.S. economy added 157,000 jobs in July, lower than expected, but the unemployment rate inched lower to 3.9%. Charles Schwab's Liz Ann Sonders explains why job creation was lower than expected in July, and why Wall Street and the Federal Reserve will keep a close eye on the labor market in the coming months.