The July jobs report for the US came out on Friday...
And it smashed expectations: 943,000 jobs were added and the unemployment rate fell to 5.4%.
But there's a caveat here…
A massive chunk of those jobs (about 380,000) were in leisure and hospitality (despite the labor shortage, somehow), an industry decimated by the virus.
Leisure and hospitality was followed not by another private industry…
But by government (about 240,000).
Zooming in, most of those came from state and local governments — and some of that came from public universities and school districts gearing up for the school year.
Many other industries made modest job gains, while a couple saw small losses.
So the US economy is recovering, but not as rapidly as the headlines might have you think.
Still, employment numbers move markets. Opportunities are building as I write you this.
And my Profit Flow Group members are positioned to take advantage as soon as I spot them.
Market Traders Daily Director of Client Services 888-228-2376
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