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8th Aug 2016 06:01U.S., Economic Monitor

We were happy to see the 255K gain in July payrolls, but we remain nervous about the sustainability of such strong numbers. The jump in employment was very large relative to some of the key survey-based indicators of the pace of hiring, even after allowing for the 29K favorable swing in the birth/ death model, compared to a year ago, and the 27K jump in state and local government education jobs, likely due to seasonal adjustment problems

payroll slow wage gains gdp gdp growth labor numbers employment NFIB ISM non-manufacturing employment hwo wage numbers

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Keywords for: 8 August. 2016 Wage Gains Set to Slide in August, Delaying the Fed Until December

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