US labor market delivered a major downside surprise in July, with nonfarm payrolls falling -23K, far below expectations for an 85K increase. Weak headline was compounded by another round of substantial downward revisions: May payroll growth was cut from 129K to 63K, while June was revised from 57K to just 20K, leaving combined employment gains […]The post US Non-Farm Payrolls Contract -23k. Revisions Expose Deeper Labor Market Weakness appeared first on ActionForex.