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US unemployment rate drops amid job cuts
The US unemployment rate fell to 4.1% in July, despite employers cutting 23,000 nonfarm payroll jobs, defying economist expectations for job growth.
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forbes.com
Surprise Drop In U.S. Jobs Shifts Fed Rate Expectations
The U.S. lost 23,000 jobs in July, far below forecasts, while earlier months were revised down—prompting markets to quickly rethink the Fed’s next rate move.
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edition.cnn.com
The US economy unexpectedly lost 23,000 jobs last month | CNN Business
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.
