US non-farm payrolls rose by 73,000 in July, and the unemployment rate rose to 4.2%.

U.S. non-farm payrolls increased by 73,000 in July, with the private sector contributing 83,000. The unemployment rate rose to 4.2% in July. But the bigger focus is on the previous value revisions: job gains for May and June were sharply revised down to 19,000 and 14,000 respectively, a total downward revision of 258,000 jobs.