U.S. job growth slows to 73,000 in July, less than expected

Employment Data - Non-farm payrolls increased by 73,000, the lowest rate of the year [1] - The two-month revision showed a decrease of 258,000 [1] Wage Growth - Average hourly earnings increased by 03% month-over-month, as expected [1] - Year-over-year average hourly earnings increased by 39%, 01% higher than expected and 02% higher than the previous 37% [2] - The previous 37% year-over-year earnings rate was the lowest since mid-2021 [2]