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Unemployment unexpectedly rose in July as pressure ramps up for the Fed to cut interest rates

July's job growth was 114,000, less than the expected 176,000. The unemployment rate also increased that month.

By: Business Insider

Aug 03 2024
7
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Unemployment unexpectedly rose in July as pressure ramps up for the Fed to cut interest rates

Michael M. Santiago/Getty Images

The US unemployment rate rose from 4.1% in June to 4.3% in July.
The economy added 114,000 jobs, less than economists had predicted.
The new … [+2344 chars]

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July Employment Report: 114 thousand Jobs, 4.3% Unemployment Rate