Shock US jobs report ends case for September rate hike

A shock US jobs report has all but ended the case for a September rate hike, according to the CEO of a leading independent financial advisory. The Bureau of Labor Statistics reported on Friday that the US economy shed 23,000 jobs in July, a sharp reversal from the roughly 80,000 to 95,000 gain economists had forecast. The unemployment rate tickled down to 4.1% from 4.2%, but that improvement was…