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Friday’s Labor Department report showed a drop from the 179,000 jobs created in June. Forecasters had expected to see 175,000 jobs in July. The unemployment rate rose to 4.3 percent. The economy has proven unexpectedly sturdy in the face of the Federal Reserve’s campaign to tame inflation with high interest rates. The Fed raised its benchmark rate 11 times in 2022 and 2023, taking it to a 23-year high. But the higher borrowing costs appear to be taking a toll. Read full article Get 6 Months of Unlimited Access for $1 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- RELATED The Federal Reserve sees cooler inflation and slower job market, suggesting a rate cut is nearingAmerican consumers feeling more confident in July as expectations of future improveHarris freshens up her message on the economy as Trump and Republicans go after her on inflation -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Show 18 comments MORE ON GLOBE.COM -------------------------------------------------------------------------------- THE MEDIAN HOME PRICE HERE IS EDGING TOWARD $1M. SORRY, IT’S GOING TO COST YOU A LOT MORE THAN THAT. From property taxes to private mortgage insurance to closing costs, we calculated what buyers can expect to shell out. OPINION ‘COLOR ME DISAPPOINTED’: SIX OPINION WRITERS WEIGH IN ON TIM WALZ Kamala Harris selected Governor Tim Walz of Minnesota as her running mate to take on Donald Trump and JD Vance in the 2024 election. Can the Harris-Walz ticket win? THE CANNABIS CONTROL COMMISSION IS IN CHAOS, AND THE STATE’S $7 BILLION POT INDUSTRY IS PAYING FOR IT Months of scandal and a call for receivership have many questioning who is at the helm of the state agency, and what their dysfunction means for consumers and marijuana companies. CHRISTOPHER L. GASPER BILL BELICHICK’S UPCOMING MEDIA BLITZ HAS ONE BIG GOAL: TO SHOW NFL OWNERS WHAT THEY’RE MISSING OUT ON You better believe Broadcast Bill’s newfound fondness for the media and his media employment is part of a game plan to get back into coaching. RI ARTS ‘A STORY THAT NO ONE’S EVER TOLD’: NEW TV SHOW PORTRAYS FEDERAL HILL, NEW ENGLAND MAFIA, AND THE BIRTH OF THE WITNESS PROTECTION PROGRAM A sneak preview of the new TV pilot about John Partington, a Rhode Islander who helped form the witness protection program, will be shown at the Providence Place Mall on Wednesday night. IDEAS FEWER KIDS ARE APPLYING TO BOSTON’S EXAM SCHOOLS. IT’S A SIGN OF A LARGER PROBLEM FOR THE CITY. The decline in applications to Boston Latin School, Boston Latin Academy, and the John D. O’Bryant speaks to the challenges of raising kids here. IN CHOOSING WALZ, HARRIS LOOKS TO KEEP THE DEMOCRATIC ‘HONEYMOON’ GOING In tapping the Minnesota governor, Vice President Kamala Harris passed over higher-profile Democrats such as Governor Josh Shapiro of Pennsylvania and Senator Mark Kelly of Arizona. STAUNCH PROGRESSIVE OR LIFELONG MODERATE? TIM WALZ’S ALLIES SAY HE’S NEITHER — OR BOTH. Over nearly two decades in politics, Tim Walz has been able to embody a slew of apparent political contradictions while coming across to many voters as authentic. STEWARD LANDLORDS TURNING OVER PROPERTIES TO LENDER, BOOSTING HOPES OF DEALS ON HOSPITALS THIS WEEK The state of Massachusetts has extended a bridge loan in hopes of finalizing the hospital sales by week’s end. Follow Us SUBSCRIBE NOW Digital Access Home Delivery Gift Subscriptions MY ACCOUNT Log In Manage My Account Customer Service Delivery Issues Feedback CONTACT Help & FAQs Staff List Advertise MORE Newsletters View the ePaper Order Back Issues News in Education Search the Archives Privacy Policy Terms of Service Terms of Purchase Contact Work at Boston Globe Media Internship Program Co-op Program Do Not Sell My Personal Information ©2024 Boston Globe Media Partners, LLC logo-white Created with Sketch. YOU'VE BEEN SELECTED Get 6 Months of Unlimited Access for $180 $1. 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