U.S. economy lost 23,000 jobs in July, new report shows
Summary
A government report showed that the U.S. economy lost 23,000 jobs in July. Many people stopped looking for work and left the labor force during that time.Key Facts
- In July, the U.S. economy had 23,000 fewer jobs than the month before.
- The report was released by the Labor Department on a Friday.
- The decrease in jobs was linked to some people giving up on finding work.
- The labor force includes all people working or actively looking for jobs.
- The job losses reflect changes in the U.S. job market during that month.
- The information was covered by CBS News and reported by Kelly O'Grady.
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