The unemployment rate dipped to 4.1% only because Americans left the job marketUS employers unexpectedly cut 23,000 jobs last month, and labour department revisions shaved 1,03,000 jobs off payrolls in May and June. The unemployment rate dipped to 4.1% only because Americans left the job market. Local public schools cut 50,000 jobs in July, restaurants and bars 26,000, retailers 19,000. Get the latest Business News and Live updates. Download the TOI app.
US employers cut 23k jobs amid war strain
US employers unexpectedly cut 23,000 jobs last month, and labour department revisions shaved 1,03,000 jobs off payrolls in May and June. The unemployment rate dipped to 4.1% only because Americans left the job market.
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