US unemployment hits highest rate

By Agence France-Presse

Aug 04, 2024 12:15 am

WASHINGTON, D.C. — The US jobs market cooled much more than expected in July with unemployment reaching its highest rate since 2021, government data showed on Friday, fueling calls for interest rate cuts as high levels bite.

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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