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Job growth cools in July, unemployment rate rises unexpectedly to 6.2%

Figures point to a slack in the labour market that could give the Federal Reserve room to keep interest rates low for a while

Published Fri, Aug 1, 2014 · 10:00 PM
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US job growth slowed in July and an unexpected rise in the unemployment rate pointed to some slack in the labour market that could give the Federal Reserve room to keep interest rates low for a while.

Nonfarm payrolls increased 209,000 last month after surging by 298,000 in June, the Labour Department said yesterday.

Data …

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