US employers added 187,000 jobs last month, fewer than expected and the smallest monthly gain since late 2020, as the labor market slowed in the face of higher interest rates.Still, the unemployment rate dipped slightly to 3.5 percent, remaining near six-decade lows, in a sign that the labor market remains resilient and raising hopes that the US can avoid a long-expected recession.Job creation last month rose from 185,000 in June, a figure that the Labor Department revised down from an originally reported 209,000. Economists had expected to see 200,000 new jobs in July.
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