US unemployment rate rises, cements path to rate cut – Times of India

US unemployment rate rises, cements path to rate cut – Times of India



US hiring slowed markedly in July and the unemployment fee rose to the best degree in practically three years, suggesting a sooner deterioration within the labour market than beforehand thought and placing the Federal Reserve solidly on a path to reducing rates of interest in Sept.
Non-farm payrolls rose by 114,000 final month after downward revisions to prior two months.The unemployment fee surprising climbed for a fourth month to 4.3%. The roles report provides to per week of disappointing information.







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