U.S. Employment Growth Surprisingly Weak in July: "Job growth ground nearly to a halt last month, the Labor Department reported this morning, in a clear sign that the economy has weakened in recent months.
Employers added just 32,000 jobs in July, a small fraction of what forecasters had expected and the smallest gain this year. The government also announced that job growth in May and June was less than initially estimated.
... Stocks fell broadly after the release of the jobs report, with the Standard & Poor's 500 index down almost 1 percent at 10 a.m. in New York. The dollar dropped against the euro, and interest rates declined too, although economists continue to expect the Federal Reserve to raise its benchmark short-term rate next week."
- posted by geoff @ #