U.S. Job Growth Slowed Sharply, Shifting The Fed's Rate Cut Calculus
U.S. employers added 73,000 jobs in July, down from the prior month and lower than economists expected.
The number of jobs added in May and June were revised sharply lower, showing that the labor market is far weaker than most believed.
This puts more pressure on the Federal Reserve to cut interest rates at its meeting in September.
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