Catherwood LibraryILR School

Employers in the U.S. added 92,000 new jobs in July, the lowest rate of employment since February, Department of Labor numbers show. In a further discouraging sign of the pace of economic growth, the national unemployment rate rose to its highest level since the start of the year. The 4.6% unemployment rate in July was the highest since a similar 4.6% rate in January. In addition, for the first time in 18 months the government cut hiring. The disappointing figures will not help ease the worries over the outlook for the economy, prompted by the deepening crisis in the county's sub-prime mortgage sector that is shaking markets.