US recovery starts
The US economy added a better than expected +1.8 million jobs to nonfarm payrolls in July.
This follows on from +4.8 million in June, and +2.7 million in May.
So about half of the jobs lost have been recovered.
But employment is still -12.9 million or -8.4 per cent below where it was in February.
The long road to recovery has been underway for 3 months, but there is a long, long way to go.
There will be more as ever from James Foster here as well as n his unreal Twitter feed!).
