U.S. hiring slowed substantially in July as employers added a disappointing 114,000 jobs amid historically high interest rates, persistent inflation and growing household financial stress.

The U.S. economy created fewer jobs than expected in July, showing further cooling in the labor market from last year’s overheated levels.

though some anticipated a half-point cut after a report early this month that showed just 114,000 job gains in July. Wednesday’s revisions underscore that the labor market could have been ...

S&P 500 futures were down 1.6%. Nasdaq 100 futures were down 2.3%. The U.S. economy added 114,000 nonfarm jobs in July, which was below expectations. The unemployment rate jumped to 4.3% from 4.1% ...