Updated at 9:31 a.m. ET
The economy is slowing down but it keeps creating jobs at a healthy pace. Employers added 164,000 jobs last month, as the unemployment rate held steady at 3.7%, the Labor Department said Friday. The jobless rate remains at a nearly 50-year low.
Analysts had expected about 165,000 jobs to be added in July and the unemployment rate to be 3.6%.
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