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International Business Times
International Business Times
Business
Beiyi SEOW

REVEALED: Us extends hiring cooldown while unemployment highest since 2021 | Rare Historical Photos

US hiring slowed in July to add 114,000 new jobs while the unemployment rate rose, government data showed (Credit: AFP)

The US jobs market cooled much more than expected in July with the unemployment rate reaching its highest since late 2021, government data showed Friday, paving the way towards post-pandemic interest rate cuts.

The world's biggest economy added 114,000 jobs last month, down from June's revised 179,000 figure, said the Department of Labor.

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