U.S. Economy Shed 23,000 Jobs in July, Weak Report Raises Odds of a Fed Rate Cut
The U.S. economy lost 23,000 jobs in July, and the prior two months were revised sharply lower, the Bureau of Labor Statistics reported Aug. 7. The unemployment rate held at 4.1%, but the combination of a payroll decline and steep downward revisions points to a labor market that is cooling faster than headline numbers first … Read more