Markets see a slight positive in July’s jobs report, but the focus remains on whether Washington can agree to a stimulus package that could help head off future job losses and aid the still millions of unemployed.
The economy added nearly 1.8 million jobs last month, better than the 1.48 million expected, and the unemployment rate fell more than expected to 10.2% from 11.1%. The pace of gains slowed from the 4.8 million jobs added in June, and the 2.7 million in May.
