US adds 114K jobs in July, jobless rate rises to 4.3 percent

The U.S. added 114,000 jobs in July and the unemployment rate rose to 4.3 percent, according to data released Friday by the Labor Department.

Economists expected the U.S. to add 175,000 jobs and keep the jobless rate steady at 4.1 percent, according to consensus estimates.

The July jobs report comes two days after Federal Reserve officials hinted that they could begin cutting interest rates as soon as September. As both inflation and the U.S. job market keep cooling off, the...