US Job Growth Slows Sharply in July; Unemployment Rate Rises to 4.2%
U.S. job growth slowed more than expected in July while the prior month's data was revised sharply lower, pointing to a sharp moderation in the labor market.
Nonfarm payrolls increased by 73,000 jobs last month after rising by a downwardly revised 14,000 in June, the Labor Department's Bureau of Labor Statistics said in its closely watched employment report on Friday. Economists polled by Reuters had forecast payrolls increasing by 110,000...
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