US economy added just 114,000 jobs last month and unemployment rose to 4.3%
Economy And Jobs,Labor Department,Unemployment,Job Market,Jobs,Jobs Report,Dow Jones,Recession
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The US labor market cooled off far more than expected last month, underscoring concerns that the economy has slowed down too quickly and could lead to a recession.
Businesses added just 114,000 jobs in July, according to Bureau of Labor Statistics data released Friday and the unemployment rate unexpectedly leapt to 4.3%, which is the highest since October 2021.
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