July jobs report: US labor market adds 114,000 jobs, unemployment rate jumps to 4.3%

 The US economy added fewer jobs than expected in July, while the unemployment rate unexpectedly rose to 4.3%, furthering signs of a slowdown in the labor market.

Data from the Bureau of Labor Statistics released Friday showed the labor market added 114,000 nonfarm payroll jobs in July, fewer additions than the 175,000 expected by economists.

Meanwhile, the unemployment rose to 4.3%, up from 4.1% June. July's job additions came in lower than the 179,000 jobs added in June.

Wage growth, an important measure for gauging inflation pressures, slowed to 3.6% year-over-year, down from 3.9% in June. On a monthly basis, wages increased 0.2%, lower than 0.3% gain seen in June.

Also in Friday’s report, the labor force participation rate 62.7% from 62.6% the month prior.

https://finance.yahoo.com/news/july-jobs-report-us-labor-market-adds-114000-jobs-unemployment-rate-jumps-to-43-190219898.html