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US job growth misses expectations in July; unemployment rate rises to 4.3%

  • US job growth slowed in July, with the unemployment rate increasing to 4.3%, raising concerns about the labor market's stability and recession risks.
  • Non-Farm payrolls rose by 114,000 jobs in July, compared to a revised 179,000 in June, as reported by the Labor Department's Bureau of Labor Statistics.
  • Mark Zandi of Moody's Analytics stated the Federal Reserve needs to cut interest rates in response to the soft job report and rising unemployment.
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ReutersReuters

US job growth misses expectations in July; unemployment rate rises to 4.3%

U.S. job growth slowed more than expected in July, while the unemployment rate increased to 4.3%, which could heighten fears that the labor market is deteriorating and potentially making the economy vulnerable to a recession.

·United Kingdom
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Associated Press NewsAssociated Press News

US added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll

WASHINGTON (AP) — U.S. hiring decelerated sharply last month in the face of high interest rates as employers added an unexpectedly weak 114,000 jobs.

·United States
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Hindustan TimesHindustan Times

US fails to meet expected job growth target in July; unemployment rate surges to 4.3%

US job growth slowed more than expected in July, while the unemployment rate increased to 4.3%.

·New Delhi, India
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USA TodayUSA Today

Job report: Employers added just 114,000 jobs in July as unemployment jumped to 4.3%%

The U.S. economy added 114,000 jobs in July amid high interest rates, inflation. Unemployment rose to 4.3%, highest since October 2021

·United States
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abc Newsabc News

American employers added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll

American employers added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll

·United States
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CNNCNN

US economy added just 114,000 jobs last month and unemployment rose to 4.3%

The US labor market cooled off far more than expected last month, underscoring concerns that the economy has slowed down too quickly and could lead to a recession.

·Atlanta, United States
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