Hiring slumped unexpectedly in July as economy shed 23,000 jobs

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economy

7 August 2026 at 8:03 pm

Hiring slumped unexpectedly in July as economy shed 23,000 jobs

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Summary

Hiring unexpectedly slumped in July, with the economy shedding 23,000 jobs, and the unemployment rate ticked down to 4.1 percent mainly due to people leaving the workforce, according to new Labor Department data.

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