U.S. Hiring Slows In July But Jobless Rate Falls To 4-Year Low

By Jason Lange

WASHINGTON -- U.S. employers slowed their pace of hiring in July but the jobless rate fell anyway, mixed signals that could make the U.S. Federal Reserve more cautious about drawing down its huge economic stimulus program.

The number of jobs outside the farming sector increased by 162,000, the Labor Department said Friday.