July unemployment numbers out today

Unemployment saw a small uptick today:



Nonfarm payroll increased by 113,000. Unemployment spiked up from 4.6% to 4.8%, confirming to many that the fed is done raising interest rates. Job gains occurred in several service-providing industries, including professional and business services, health care, and food services. Average hourly earnings rose by 7 cents, or 0.4 percent, in July.