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

Fri, 08/02/2024 - 08:37

Tech Insider

Economy

Economy

• The US unemployment rate unexpectedly rose from 4.1% in June to 4.3% in July.
• The economy added 114,000 jobs, fewer than economists had predicted.
• The Friday jobs report comes after the Fed decided to hold rates steady.

The unemployment rate unexpectedly jumped in July, climbing to 4.3% from 4.1%.

Tags

economy, economy, labor-market, job-market, Unemployment, unemployment-rate

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