
US employers unexpectedly shed 23,000 jobs; unemployment rate falls amid rising inflation
Job cuts in July were unexpected, revealing a weakening labor market as the unemployment rate fell to 4.1%.
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US employers unexpectedly shed 23,000 jobs; unemployment rate falls amid rising inflation
Job cuts in July were unexpected, revealing a weakening labor market as the unemployment rate fell to 4.1%.
Read full article →US nonfarm payrolls fall as jobless rate eases to 4.1%
The US economy unexpectedly shed jobs in July and nonfarm payrolls for the previous month were revised sharply lower, potentially raising questions about whether the Federal Reserve will increase interest rates next month.
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