July jobs report: Hiring slows in the U.S.
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(ABC 6 News) — A softer than expected jobs report was released on Friday, with only 114,000 jobs being added in the United States in July.
That number is quite a bit below expectations and well below the trend of 215,000 new jobs every month over the past year.
This comes as unemployment ticked up to 4.3%. Though historically low, it’s the highest number we’ve seen since last October. The fed will likely cut interest rates to encourage stronger job growth.