US economy adds 164,000 jobs in July.
The economy added 164,000 jobs in July, a decline from June but well above the 100,000 that is required to keep pace with growth in the working population.
Wall Street remained largely mute on the data, which comes at the end of a wild week in which markets were rocked by a rate cut and a surprise announcement on tariffs, but stocks began to tumble after the opening bell on Friday. "The longest economic expansion in U.S. history has been showing its age of late," said Mark Hamrick, senior economic analyst at Bankrate."Employers have reason for caution this year, including uncertainty tied to trade disputes and tariffs. Globally, economies are slowing around the world and more disruption appears ahead because of Brexit."
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