U.S. Hiring Slowed In July And Unemployment Rate Increased To 4.3%; Show Biz And Media Sector Made Cuts To Workforces
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deadline.comThe 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 — including in entertainment and media — 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.
Broadcasting and content providers lost 1,600 spots to 338,900. The overall job gains were lower than expected, and contrast to the average of 215,000 added over the prior 12 months.
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