US economy added just 114,000 jobs last month, far fewer than expected
CNN
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.
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. Businesses added just 114,000 jobs in July, according to Bureau of Labor Statistics data released Friday and the unemployment rate unexpectedly leapt to 4.3%. Economists were expecting employers to have added 175,000 jobs and for the unemployment rate to remain at 4.1%. This story is developing and will be updated.
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