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The unemployment rate in the United States exceeded expectations in July, and the non-farm employment data was lower than expected
Unemployment rate: The unemployment rate in the United States in July was 4.3%, higher than the expected 4.1%. Non-farm employment: The number of non-farm employees increased by 114,000, lower than the expected 175,000.
Market reaction:
Rising unemployment rate: The increase in unemployment rate reflects the weakness of the labor market and may exacerbate market concerns about slowing economic growth. Slowing employment growth: The increase in non-farm employment was lower than expected, further showing the pressure on the economy.
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