US unemployment rate rises again, cementing path to Fed rate cut
Unemployment rate hits 4.3%
US hiring slowed markedly in July and the unemployment rate rose to the highest level in nearly three years, suggesting a faster deterioration in the labor market than previously thought and putting the Federal Reserve solidly on a path to cutting interest rates in September. . Nonfarm payrolls rose by 114,000 last month after downward […]
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