U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower

Nonfarm payroll growth was lower than expected in July and the unemployment rate ticked higher, raising potential trouble signs for the U.S. labor market.

Job growth totaled 73,000 for the month, above the June total of 14,000 but below even the meager Dow Jones estimate for a gain of 100,000. June and May totals were revised sharply lower, down by a combined 258,000 from previously announced levels.

At the same time, the unemployment rate rose to 4.2%, in line with the forecast.

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