GDP growth slows amid more jobs

Employers in the United States added 224,000 nonfarm jobs in June, up from 72,000 created in May, but the solid jobs report wasn't good news for the US stock market, because it made less likely that the Federal Reserve Bank, or Fed, will cut its benchmark interest rate later this month.

Slower economic growth and uncertainty stemming from the continuing US-China trade disagreement, however, may support a quarter-point cut, analysts said.

Investment bank Morgan Stanley expected 169,000 jobs to be added in June. It was the 105th consecutive month employment has increased, the Labor Department reported on Friday.