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

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The story "US job growth misses expectations in July; unemployment rate rises to 4.3%" was covered 3 hours ago by The Star, a news publisher based in Malaysia.

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The Star 3h ago

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

Quick Summary:

WASHINGTON: U.S.job growth slowed more than expected in July, while the unemployment rate increased to 4.3%, which could heighten fears that the labor market is deteriorating and potentially making the economy vulnerable to a recession.

The employment report sealed the case for a September rate cut from the U.S.central bank.

Average hourly earnings rose 0.2% last month after climbing 0.3% in June.