July Monthly Jobs Growth Disappoints, Jobless Rate Meets Expectations

(From FOXBusiness)

The U.S. economy added 157,000 jobs in July, below analyst expectations for 190,000 jobs to be added in the month, while the unemployment rate decreased month over month and wage growth met expectations.

The unemployment rate came in at 3.9%, matching expectations and below June’s 4%. In May, the unemployment rate hit an 18-year low of 3.8%. The 3.9% unemployment rate suggests workers are in short supply.

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