- This weekly round-up brings you the latest stories from the world of economics and finance.
- Top economy stories: US job growth slows but unemployment falls; Sovereign debt ratings at risk from high carbon emissions; Inflation continues to fall around the world.
1. US job growth slows but wages continue to increase
Fewer jobs were added to the US economy in July than expected, with nonfarm payrolls increasing by 187,000.
A rise of 200,000 had been predicted by economists surveyed by Reuters following average monthly growth of 218,000 in the past three months. The economy needs to create around 100,000 jobs a month to match increases in the working-age population.
The US unemployment rate fell last month, however, dropping to 3.5% from 3.6%, putting it back at levels last seen more than half a century ago.
Wages also…
