“Hiring by U.S. employers remained robust in July, if a bit slower than previous months, with a broad-based rise in payrolls extending a half-year streak of strong employment gains. The jobless rate ticked up to 6.2%,” the Wall Street Journal reports.
New York Times : “The latest economic data eases the pressure on the Federal Reserve to retreat more quickly from its stimulus campaign. The Fed’s chairwoman, Janet L. Yellen, and her allies argued in recent months that the declining unemployment rate overstated the economy’s progress, because more people would start looking for work as the recovery continued. The uptick in the unemployment rate in July lends credence to that view.”