The economy added 164,000 jobs in July, a decline from June's robust figure of 224,000 positions, but well above the 100,000 that is required to keep pace with growth in the working population.

The nation's unemployment rate stayed unchanged at 3.7 percent, the lowest in almost 50 years, according to the latest employment snapshot released Friday by the Bureau of Labor Statistics.

Wall Street remained largely mute on the data, which comes at the end of a wild week in which markets were rocked by a rate cut and a surprise announcement on tariffs.