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U.S. Hiring Slowed In July And Unemployment Rate Increased To 4.3%; Show Biz And Media Sector Made Cuts To Workforces

The unemployment rate rose by 0.2% to 4.3% in July, as hiring slowed to 114,000 jobs added during the month, according to the latest Department of Labor data. The information sector took the biggest hits in job losses, while employment increased in health care, construction, and transportation and warehousing. Movies and sound recording saw a […]

Labor Department building in Washington, D.C.Getty Images The unemployment rate rose by 0.2% to 4.3% in July, as hiring slowed to 114,000 jobs added during the month, according to the latest Department of Labor data. The information sector took the biggest hits in job losses, while employment increased in health care, construction, and transportation and warehousing. Movies and sound recording saw a loss of 3,500 jobs, to 445,400, while publishing industries shed 5,900 positions, to 919,600.

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