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People walk by a now hiring sign posted in front of a CVS store
People walk by a now hiring sign posted in front of a CVS store on April 7, 2023, in San Rafael, California.

Justin Sullivan/Getty Images

  • The summer jobs market so far is cooling.
  • The US unemployment rate ticked down to 3.5% in July.
  • The US economy added 187,000 nonfarm payrolls in July, below the 200,000 forecasted.

While the US experienced a July with record-high temperatures, the labor market meanwhile wasn't so hot.

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economy, Markets, Labor Market, Economic Indicators, Economic Data, Labor market data, jobs day, Jobs Report, Unemployment Rate, nonfarm payrolls, INSIDER graphics
Source
Job growth slowed in July after a red-hot labor market in the first half of the…