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Friday, August 04, 2006

Job growth unexpectedly slows

From The Morning Grind

Job growth came in weak for the fourth straight month in July while the unemployment rate jumped, according to a government report released Friday that could give the Federal Reserve reason to pause when it meets next week, CNNMoney's Grace Wong reports.

The U.S. economy added 113,000 jobs in July, down from an upwardly revised gain of 124,000 jobs in June, the Labor Department said. Economists surveyed by Briefing.com were looking for a gain of 145,000 jobs. Read the full story.

Posted By Mark Preston, CNN Political Unit: 8/04/2006 01:34:00 PM ET | Permalink

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