U.S. Jobs Data Not a `Game Changer,' Schenker Says

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Aug. 3 (Bloomberg) -- Jason Schenker, president of Prestige Economics LLC in New York, talks about the U.S. July employment report. Payrolls in the U.S. increased 163,000 in July, more than forecast, boosted by a pickup in employment at automakers even as the jobless rate unexpectedly rose to a five-month high of 8.3 percent. Schenker speaks with Betty Liu on Bloomberg Television's “In the Loop." (Source: Bloomberg)