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Economic development
US job growth slows in July and wages rise
Al Ittihad Newspaper
WASHINGTON (Reuters)
In the United States, employment growth slowed, while wages rose slightly in July, which, combined with rising trade tensions between the United States and China, could lead the Federal Reserve to further reduce rates next month.
The US Department of Labor's closely monitored monthly report comes one day after President Donald Trump's announcement of an additional 10% tariff on imports from China, a value $ 300 billion starting September 1st. Interest in September.
The government said nonagricultural jobs had increased by 164,000 jobs last month.
The number of jobs created by the economy in May and June decreased by 41,000 compared to the figures indicated above.
The unemployment rate remained unchanged at 3.7% in July.
Average wages rose 8 cents or 0.3% in July, after increasing at the same pace in June.
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