US jobs unexpectedly fall in July as slow summer continues
Summary
The number of jobs in the United States fell by 23,000 in July, which was unexpected. The unemployment rate stayed the same at 4.1%, and earlier job growth figures for May and June were lowered by 103,000 jobs combined.Key Facts
- US jobs decreased by 23,000 in July.
- Experts had expected more jobs to be added, not fewer.
- The unemployment rate remained steady at 4.1%.
- Job losses were mostly in local government education and retail sectors.
- The Bureau of Statistics revised job growth for May and June down by 103,000 jobs.
- July’s job decline marks a continuation of a slow summer in the US job market.
- The data was released by the official US statistics agency.
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