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

U.S. Job Growth Slows to a Crawl as Unemployment Rises

by Owen Klinsky   The U.S. added 114,000 nonfarm payroll jobs in July as the unemployment rate ticked up to 4.3%, according to Bureau of Labor Statistics (BLS) data released Friday. Economists anticipated that the country would add 175,000 jobs in July compared to the 206,000 added in initial estimates for June, and that the unemployment rate would remain stable at 4.1%, according to U.S. News and World Report. Federal Reserve Chairman Jerome Po…

Weak US July hiring slams global markets, Wall Street stocks tumble as unemployment climbs to 4.3%

The U.S. economy suffered an unexpected setback in July as hiring fell sharply and the unemployment rate rose for the fourth straight month with raised interest rates taking a toll on businesses and households.

Weak U.S. hiring in July slams global markets, Dow plunges 900 points as unemployment climbs to 4.3%

The U.S. economy suffered an unexpected setback in July as hiring fell sharply and the unemployment rate rose for the fourth straight month with raised interest rates taking a toll on businesses and households. Employers added just 114,000 jobs in July — 35% fewer than expected — and unemployment, now at 4.3%, is the highest since October 2021, the Labor Department reported Friday. “Things are deteriorating quickly,’’ said Julia Pollak, chief ec…

Weak US hiring in July slams markets as unemployment climbs to 4.3%

The U.S. economy suffered an unexpected setback in July as hiring fell sharply and the unemployment rate rose for the fourth straight month, the Labor Department reported Friday.

Weak U.S. hiring slams global markets, with Dow plunging as unemployment climbs

Friday’s report from the Labor Department showed that employers added 35% fewer jobs in July than forecasters had expected – and that unemployment, now up to 4.3%, is the highest since October 2021.

U.S. unemployment rate hits 4.3% as job growth slows | Honolulu Star-Advertiser

WASHINGTON >> The U.S. unemployment rate jumped to near a three-year high of 4.3% in July amid a significant slowdown in hiring, heightening fears the labor market was deteriorating and potentially making the economy vulnerable to a recession.