U.S. employers shed 23,000 jobs and the unemployment rate fell to 4.1% in July, new Labor Department data shows.

American businesses added fewer jobs in July than experts had predicted, with private payrolls up by just 44,000— the weakest increase this year. Conversely, job switchers enjoyed…

U.S. employers cut 23,000 jobs in July, and job gains for the two previous months were weaker than initially reported, according to a report Friday from the Labor Department.

The economy lost 23,000 payroll jobs in July, the Bureau of Labor Statistics reported Friday — unwelcome news for consumers.