US Employment Data for July

SOURCE www.breitbart.com
Employers in the US added 114,000 workers to payrolls in July, with the unemployment rate rising to 4.3%. The disappointing job growth and higher unemployment rate suggest a possible recession. The Fed is considering cutting interest rates in response.

Key Points

  • Job growth below expectations
  • Unemployment rate at 4.3%
  • Potential recession looming
  • Fed considering interest rate cut

Pros

  • Increase in average hourly wages
  • Potential interest rate cut by the Fed

Cons

  • Below expected job growth
  • Rising unemployment rate