Reported 2 days ago
In July, the US economy added only 73,000 jobs, significantly lower than the anticipated 104,000 by economists. The unemployment rate held steady at 4.2%, matching expectations, while average hourly earnings rose by 0.3% month-over-month and 3.9% year-over-year. The Bureau of Labor Statistics also revised job additions for May and June downwards, indicating ongoing challenges in the labor market.
Source: YAHOO