U.S. employers unexpectedly cut jobs in July as hiring in the prior two months was revised lower, suggesting a weaker labour market. Read on

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.