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Payne's Perspective: August 10, 2020: To Your Heath

By Charles Payne CEO & Principal Analyst

Throughout July, the experts warned of a sharp reversal in job creation, while some states stalled their reopening plans, and in many cases. locked down parts of the economy. That is what makes employment data for the week very encouraging.

July Jobs Report

The U.S. added 1.76 million jobs in July, down from the record-shattering 4.8 million in June, but better than a consensus estimates of 1.6 million. There is no doubt in my mind most folks in Wall Street were looking for fewer jobs created than the consensus, and some even predicted net job losses.

To read the full report, contact your account representative or email Research@wstreet.com

Charles Payne
Wall Street Strategies


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