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America Breaking News: Stocks Open Lower After Tepid Jobs Report

Wochit 0:53 mins

Stocks are opening lower on Wall Street after the government reported only modest job growth last month. U.S. employers added 162,000 jobs in July, a modest increase and the fewest since March. The gain was still enough to help lower the unemployment rate to a 4?-year low of 7.4 percent, a hopeful sign in an otherwise lackluster report. James Bullard, a top Federal Reserve official, said that the U.S. economy is improving modestly but needs to gather more steam, while inflation remained too low for comfort, underscoring the debate within the central bank over when to scale back stimulus.

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