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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Coverage Details
Total News Sources0
Leaning Left22Leaning Right13Center29Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
46% Center
L 34%
C 46%
R 20%
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