Employers added 73,000 jobs in July, short of forecasts

Poll: Most Americans expect price hikes soon

Most Americans expect prices to increase in coming months, CBS News poll finds

02:42

Employers across the U.S. added 73,000 jobs in July, a slowdown from previous months and a sign the labor market is downshifting. 

Hiring was weaker than expected by economists, who had forecast payroll gains of 115,000 jobs last month, according to a poll by FactSet. 

The unemployment rate rose to 4.2%, up from 4.1% in June. 

–This is a breaking story and will be updated.

Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at “60 Minutes,” CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.

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