US Employers Unexpectedly Cut 23,000 Jobs in July, Signaling Wilting Labor Market

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Economy

7 August 2026 at 8:05 pm

US Employers Unexpectedly Cut 23,000 Jobs in July, Signaling Wilting Labor Market

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Summary

U.S. employers unexpectedly cut 23,000 jobs in July, with previous months' job gains also revised lower, signaling a weakening labor market according to the Labor Department.

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