US unexpectedly lost 23,000 jobs in July as slump in growth continues
Middle EastBusinessHigh confidence — 90/100
US employers unexpectedly lost 23,000 jobs in July and gains for the previous two months were revised down sharply by a combined 103,000 jobs, painting a weaker picture of the labor market than past data indicated.
The unemployment rate, however, held steady at 4.1%.
Economists had projected an unchanged unemployment rate and 83,000 new jobs for the month.
Confirmed
US employers unexpectedly lost 23,000 jobs in July and gains for the previous two months were revised down sharply by a combined 103,000 jobs, painting a weaker picture of the labor market than past data indicated.
Economists had projected an unchanged unemployment rate and 83,000 new jobs for the month.
Unverified
The unemployment rate, however, held steady at 4.1%.