Employers added 73,000 jobs in July, short of forecasts

Employers across the U.S. added 73,000 jobs in July, a slowdown from previous months and a sign the labor market is downshifting. 

The numbers

Hiring was weaker than expected by economists, who had forecast payroll gains of 115,000 jobs last month, according to a poll by FactSet. 

The unemployment rate rose to 4.2%, up from 4.1% in June. 

–This is a breaking story and will be updated.