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July Jobs Report: Growth Slows, Slack Lingers in U.S. Labor Market
U.S. job growth slowed more than expected in July, resulting in an unexpected rise in the unemployment rate, according to the July jobs report just released today (Friday) by the U.S. Department of Labor.
After surging (a revised) 298,000 in June, nonfarm payrolls increased by 209,000 last month. The unemployment rate ticked up to 6.2% from 6.1%.
Here are 12 key takeaways from the closely watched July jobs report…
U.S. job growth slowed more than expected in July, resulting in an unexpected rise in the unemployment rate, according to the July jobs report just released today (Friday) by the U.S. Department of Labor.
After surging (a revised) 298,000 in June, nonfarm payrolls increased by 209,000 last month. The unemployment rate ticked up to 6.2% from 6.1%.
Here are 12 key takeaways from the closely watched July jobs report…