A sharp decline in job growth and a rise in unemployment signal a slowdown in the U.S. labor market.
U.S. nonfarm payrolls rose by just 73,000 in July, significantly below the forecast of 110,000 and well under June’s sharply revised figure of 14,000 (down from the initially reported 147,000).
The unemployment rate edged up to 4.2% from…
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