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US economy added 114,000 jobs in July in significant dip from June while unemployment increased to highest level since October 2021
The US labor market cooled significantly last month as unemployment unexpectedly rose, sparking fears of a slowdown across the world’s largest economy.
American employers added 114,000 jobs in July – significantly short of the 180,000 additions expected by economists, and a significant decrease from the 179,000 added in June.
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