Sat, Aug 2, 2014, 4:49 AM EDT - U.S. Markets closed

U.S. job growth cools, unemployment rate rises

U.S. job growth slowed a bit in July and the unemployment rate unexpectedly rose, pointing to slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while. Nonfarm payrolls increased 209,000 last month after surging by 298,000 in June, the Labor Department said on Friday. Although job growth was below expectations, July marked the sixth…