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US Loses 23,000 Jobs in July, Unemployment Rate Falls

Bloomberg Markets·August 7, 2026·1 min read

US employers unexpectedly cut 23,000 jobs in July, while the unemployment rate fell to 4.1% from 4.2%. The estimate was for a gain of 80,000 jobs. Hiring over the previous two months was revised lower. Bloomberg's Michael McKee reports on the conflicting signals in the labor market data.

Read at Bloomberg Markets
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