U.S. hiring slows in July but jobless rate falls to 4-yr low

Job-seeker completes an application at a career fair held by civil rights organization National Urban League as part of its annual conference, in PhiladelphiaBy Jason Lange WASHINGTON (Reuters) – U.S. employers slowed their pace of hiring in July but the jobless rate fell anyway, a pair of mixed signals that could make the U.S. Federal Reserve more cautious about drawing down its huge economic stimulus program. The number of jobs outside the farming sector increased by 162,000 last month, the smallest gain in four months and below analysts' expectations, Labor Department data showed on Friday. …



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