US stocks dip

Wall Street got what it wanted today – Labour Department figures showing slower US job growth – but cautious investors pushed stocks modestly lower, unwilling to trust that the report was enough to keep the Federal Reserve from raising interest rates next week.

The economy created 113,000 jobs last month, far fewer than the 145,000 expected by economists and down from 121,000 created in June. Unemployment rose to 4.8% from 4.6%, and wage growth was constant at 0.4%.