The U.S. lost 23,000 jobs in July, far shy of forecasts for a gain of 80,000

The U.S. labor market showed weakness for the second consecutive month in July, possibly giving the Federal Reserve room to hold rates in place despite high inflation.According to the government’s Nonfarm Payrolls Report released Friday morning, the U.S. lost 23,000 jobs last month. That was far below the consensus expectation of a gain 80,000 jobs, and down from June’s 20,000 (revised from an originally reported 57,000).The unemployment rate dipped to 4.1%, compared with the expected 4.2% and June’s 4.2%.Ahead of this morning’s data, markets were split on whether the Fed would hike rates at its next policy meeting in September. According to CME FedWatch, interest rate traders were pricing in a 55% chance the U.S. central bank would tighten next month.12345678910Building the Zcash Machine: Tachyon and Quantum ReadinessBuilding the Zcash Machine: Tachyon and Quantum ReadinessZcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.Why it matters:Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.View Full Report