U.S. employers likely added 175,000 jobs in July as labor market cools gradually
Headline from NBC 5 Dallas-Fort Worth
The Labor Department is expected to report Friday that employers added 175,000 jobs last month.
NBC 5 Dallas-Fort Worth's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The July jobs report released Friday provided a look at the labor market's health as the economy continues to confront high interest rates and inflation.
The economy has proven unexpectedly sturdy in the face of the Federal Reserve’s campaign to tame inflation with high interest rates, but the higher borrowing costs appear to be taking a toll.
WASHINGTON — U.S. hiring decelerated sharply last month in the face of high interest rates as employers added a weak 114,000 jobs. Friday’s Labor Department report showed a drop from the 179,000 jobs created in June. Forecasters had expected to see 175,000 jobs in July. The unemployment rate rose to
U.S. hiring decelerated sharply last month in the face of high interest rates as employers added a weak 114,000 jobs. Friday's Labor Department report showed a drop from the 179,000 jobs created in June.