US hiring cooler than expected in July, unemployment dips

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Key Points

Job creation in the United States was lower than anticipated in July, according to government data released Friday, hovering at the slowest pace since late 2020 in encouraging news for policymakers...

The world's biggest economy added 187,000 jobs last month, slightly above the 185,000 figure in June after a downward revision, said the Department of Labor...

But analysts have warned that consumers -- while still willing to spend -- are becoming more cautious and selective.. Overall, "job gains occurred in health care, social assistance, financial activities, and wholesale trade," said the Labor Department report on Friday...

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