Softening Labor Market, US Credit Downgrade, and Football on the Way

This week Ryan and Brian discuss how July's non-farm payrolls grew by 187,000, slightly below consensus, with a slight increase from June's revised figure of 185,000. Unemployment rate decreased to 3.5% from the previous 3.6%, while labor force participation remained at 62.6% for the fifth consecutive month.They also covered how Fitch downgraded U.S. government debt from AAA to AA+ due to expected fiscal deterioration, high debt burden, and governance erosion. Yet, the rating downgrade is unlikely to impact U.S. debt or markets; U.S. remains a safe haven during market stress.Job Growth Chart 1Job Growth Chart 2Market Reaction to 2011 Credit DowngradeTracking # 467084-1Tracking # 1-05376752Tracking #1-05377068Send in your questions!