Saturday, August 4, 2007

US July job growth slowest in five months

(Reuters) - The U.S. unemployment rate rose to 4.6 percent in July as employers added jobs at the slowest rate in five months and the government actually reduced its work force, the Labor Department said on Friday.

In another sign of slowing growth, the Institute for Supply Management reported the service sector grew more slowly in July as its index fell to 55.8 from 60.7 in June.


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