U.S. employers unexpectedly cut 23,000 jobs last month, and Labor Department revisions shaved 103,000 jobs off payrolls in May and June. The unemployment rate dipped to 4.1% only because Americans left the job market.

U.S. job openings fell slightly in June, but the labor market continued to show resilience in the face of an economic shock from Iran war

The numbers were in line with economists’ expectations.

The United States economy unexpectedly lost jobs in July, which may affect Federal Reserve decisions. Nonfarm payrolls decreased by 23,000 jobs, contrary to economist expectations…