The US economy added 114,000 jobs in July, far less than the Bloomberg consensus estimate of 175,000. The unemployment rate ticked higher to 4.3% compared to the June rate of 4.1%. Average hourly earnings rose 0.2% from June and 3.6% from a year ago, both of which were less than expected.

Morning Brief anchors Seana Smith and Brad Smith report the breaking data in the video above.

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This post was written by Stephanie Mikulich.