US Loses 23,000 Jobs in July, Unemployment Rate Falls
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US employers unexpectedly cut jobs in July and hiring over the previous two months was revised lower. 23,000 jobs were lost, the estimate was for a gain of 80,000 jobs. The unemployment rate fell to 4.1% from 4.2%. Bloomberg's Michael McKee reports. -------- 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://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Tags: Dani Burger, Federal Reserve, Hourly Earnings, Inflation, Investors, Job Cuts, Jonathan Ferro, Lisa Abramowicz, Michael McKee, Monthly Jobs Report, New York, Nishant Kumar, Nonfarm Payrolls, Partipation), Stock Market News, Trader, U.S. Jobs Report (Jobless Claims, Unemployment, Yield curve, Yields
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