Unemployment in US jumps as fears grow Fed has left it too late to cut rates

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By Tilly Armstrong Assistant Consumer Editor For Dailymail.Com

Published: 08:49 EDT, 2 August 2024 | Updated: 08:49 EDT, 2 August 2024

Employers added 114,000 jobs successful July, severely missing expectations.

Estimates had predicted payroll gains of 185,000 for nan month.

The unemployment complaint besides edged higher to 4.3 percent, according to Labor Department information released Friday. 

This was nan highest level since October 2021. 

US banal futures fell Friday greeting pursuing nan anemic jobs report, while Treasury yields plummeted.

Jobs gains averaged 203,000 a period for nan first half of nan year, while nan unemployment complaint has drifted higher.

This is simply a breaking news story. Updates to come. 

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