This Week In The Economy: US Unemployment Rate Rises Again, Fed Signals September Cut, Bank of England Cuts Now, Japan Hikes, EU Inflation Up

Welcome to a regular snapshot review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.

U.S. Unemployment Rate Continues Upward Trend, Now At 4.3%

The U.S. jobless rate rose again in July, according to data released by the Bureau of Labor Statistics this week, while the number of jobs added by the economy was also smaller compared to June.

The unemployment rate rose to 4.3% in July, after coming in at 4% and 4.1% in May and June, respectively. Nonfarm payrolls rose by 114,000.

The change in total nonfarm payroll employment for May was revised down by 2,000, from +218,000 to +216,000, and the change for June was revised…