Photo: Virojt Changyencham / Moment / Getty Images
The jobs report for July missed predictions, and by a large number as well.
The economy added just 114,000 jobs last month, well below the expectations of 175,000. The unemployment rate shot up to 4.3%. It was expected to hold steady at 4.1%
The June numbers were revised downward again. The 206,000 number that we got last month was, in reality, 179,000.
Friday's report adds to mounting evidence that the economy is weakening in the face of ongoing inflation and high interest rates