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US payrolls rise by 209,000 in July; unemployment rate falls to 4.3%

U.S. nonfarm payroll employment increased by 209,000 in July while the unemployment rate fell to 4.3% from 4.4% according to the U.S. Department of Labor.

Analysts anticipated an increase of 178,000 jobs in the month, based on Econoday data provided by Bloomberg. The unemployment rate matched expectations.

The change in total nonfarm payroll employment for May was revised down to 145,000 from 152,000 and the change for June was revised up to 231,000 from 222,000.