US Employers Cut Jobs, Unemployment Rate Falls
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Nonfarm payrolls decreased 23,000 last month following a combined 103,000 downward revision to the May and June figures, Bureau of Labor Statistics data showed Friday. The unemployment rate fell to 4.1% as labor force participation continued to slide, and wage growth slowed. Claudia Sahm, Chief Economist at New Century Advisors and Constance Hunter, Chief Economist at EIU, react to July jobs data. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https:/
Tags: Claudia Sahm, Constance Hunter, Damian Sassower, Data, Donald Trump, Economy, Federal Reserve, Inflation, Interest Rates, Investing, Jobs, Jobs Day, Kevin Warsh, Labor, New Century Advisors LLC, Payrolls, Spending, Tom Keene, U.S. nonfarm payrolls (jobs report), Unemployment
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