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Nonfarm payrolls +209k in July, private.....>

US DATA
US DATA: Nonfarm payrolls +209k in July, private +205k, both above 
expectations, unemp rate -0.1 to 4.3% (participation rate +0.1 to 
62.9%), +2k net revision to May-June payrolls. Overall, a stronger 
report than expected, with key July drivers being food services, 
business services and healthcare. A BLS analyst pointed out to MNI that 
payrolls so far in 2017 are running at roughly the 2016 pace. The July 
headline number was above the revised 2Q avg gain of 194k. Average 
hourly earnings +0.3% vs +0.2% in June for y/y rate of +2.5% same as the 
previous month. See MNI main wire. 

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