Slowing Job Growth. For How Long?
Job growth came in weak for the fourth straight month in July while the unemployment rate rose, according to a government report Friday that could give the Federal Reserve reason to pause in its two-year-old campaign to raise interest rates.
The economy added 113,000 jobs in July, the Labor Department said, down from a revised gain of 124,000 jobs in June. Economists surveyed by Briefing.com had forecast 145,000 new jobs.
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