Wall Street Journal: “The U.S. economy saw 187,000 jobs added last month, nearly matching June’s downwardly revised 185,000, the Labor Department said Friday. That gain was slower than the average monthly pace for the first half of this year, and well below the roughly 400,000 average monthly gain in 2022.
”“The unemployment rate fell to 3.5% last month from 3.6% in June. Employers raised pay at the same rate as June, with average hourly earnings growing 4.4% in July from a year earlier, slower than last year but remaining well above the prepandemic pace.”