New jobs disproportionately low-pay or part-time

WASHINGTON (AP) -- The 162,000 jobs the economy added in July were a disappointment. The quality of the jobs was even worse. A disproportionate number of the added jobs were part-time or low-paying — or both.

Euro Rallies to Highest Since 2011 as ECB Balance Sheet Shrinks

The euro touched the highest level against the dollar in 14 months as the European Central Bank’s balance sheet contracted while the Federal Reserve said it would continue pumping money into the U.S. economy.