The Employment-To-Population Ratio Falls To 1953 Levels

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A better-than-expected increase of 117,000 jobs was accompanied by a July unemployment rate of 9.1%, down from the previous month’s 9.2%.

The briefing.com consensus was for 9.2% and their own estimate was a less happy 9.3%.

However, the employment-to-population ratio has slipped to a level first seen in March 1953.

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