US jobs in July have come in bang on consensus at 164,000 new jobs created. The number neither confirmed nor denied concerns the US had begun to enter a period of slowing economic growth which many feared this month’s jobs number would betray. The downward revision of Junes jobs number from 224,000 to 193,000 did serve to leave some pessimism on the table about the state of the US economy as we move through the second half of the year.