PANews reported on August 2 that according to Jinshi, the US employment slowed more than expected in July, and the unemployment rate rose to the highest level in nearly three years, indicating that the labor market is cooling faster than other data show. The US non-farm payrolls increased by 114,000 in July after the data of the previous two months were revised downward. The unemployment rate unexpectedly climbed to 4.3% for the fourth consecutive month.
