Labor Department revisions also shaved 103,000 jobs off payrolls in May and June. The unemployment rate dipped to 4.1% as Americans left the job market.

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.

A summer hiring slump dogged the US labor market in July as the economy unexpectedly lost 23,000 jobs, according to new data released Friday by the Bureau of Labor Statistics.