The combined revision to U.S. non-farm payroll gains for June and July added 55,000 jobs, with the market increasing bets on a September rate hike

Odaily News: According to the U.S. Bureau of Labor Statistics, June non-farm payrolls were revised upward from 20,000 to 31,000, while July non-farm payrolls were revised from a decrease of 23,000 to an increase of 21,000. Following these revisions, the total job gains for June and July combined increased by 55,000 compared to previous estimates. The market has increased its bets on a Federal Reserve rate hike in September. (CLS)