HUFFINGTON POST: …The government uses two surveys to measure employment. A survey of businesses showed job gains. The unemployment rate comes from a survey of households and is calculated by dividing the number of unemployed people by the size of the labor force. In July, more people said they were unemployed, while the size of the labor force shrank even more…
Investors appeared pleased with the report. Futures tracking the Standard & Poor’s 500 index and the Dow Jones industrial average gained about 1 percent. The stock market is coming off four days of losses. Yields on government bonds also rose as investors moved money out of low-risk assets…
Paul Ashworth, senior U.S. economist for Capital Economics, said July’s job gains were a “vast improvement” over the past four months. Still, they were well below the average 252,000 jobs a month added from December through February… (more)
