BCN-40 US job creation slows to 164,000 in July, unemployment steady at 3.7%

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ZCZC

BCN-40

US-ECONOMY-EMPLOYMENT

US job creation slows to 164,000 in July, unemployment steady at 3.7%

WASHINGTON, Aug 2, 2019 (BSS/AFP) – The United States continued to add new jobs last month but at a slower pace, more signs the economy is weakening, but jobless rate held steady, the government reported Friday.

US employers added a net 164,000 workers in July, still fairly solid, but June’s level was revised down sharply, pointing to a general softening in labor markets this year but largely in line with expectations.

The jobless rate was unchanged at 3.7 percent.

BSS/AFP/MMA/1840HRS