US job growth slows to 114K in July while unemployment rate unexpectedly jumpsThe July jobs report released Friday provided a look at the labor market's health as the economy continues to confront high interest rates and inflation.

U.S. job growth cooled sharply in July while the unemployment rate unexpectedly rose to the highest level in nearly three years.

The Labor Department reported Friday that employers added 114,000 jobs in July, missing the 175,000 gain forecast by LSEG economists. The unemployment rate also unexpectedly inched higher to 4.3% against expectations that it would hold steady at 4.1%. 

It marked the highest level for the jobless rate since October 2021.

This is a developing story. Please check back for updates.

https://www.foxbusiness.com/economy/us-jobs-report-july-2024