US job growth slowed more than anticipated in July, with the labour market showing signs of cooling. Nonfarm payrolls rose by just 73,000 last month, following a revised gain of only 14,000 jobs in June, according to the Labour Department’s employment report released Friday. What does the report indicate? The combination of slower job growth and rising unemployment points to emerging cracks in the labour market’s resilience. Adding to the concern, job figures for the previous two months were significantly revised downward. June’s payroll gain was slashed to just 14,000 from an earlier estimate of 147,000, that indicated a weaker-than-expected trend.