US slowed hiring but still added a solid 187,000 jobs in July in sign of a durable labor market despite Fed rate hikes

U.S. employers added 187,000 jobs last month, fewer than expected, as the higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5% in a sign that the job market remains resilient. Hiring was up from 185,000 in June, a figure that the Labor Department…

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