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US unexpectedly lost 23,000 jobs in July as slump in growth continues
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2
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NEWSDECK ANALYSIS
The US labour market has been a key indicator of the overall health of the economy, with job growth having been a major driver of expansion in recent years. The Federal Reserve, the US central bank, closely monitors employment data when making decisions on interest rates, and a weaker-than-expected jobs figure may influence its stance on future rate hikes. This latest jobs data comes as the Fed has been considering further rate increases to combat inflation and maintain economic stability.
This story is currently only covered by 2 sources from a limited part of the political spectrum. NewsDeck will update this page automatically if other outlets pick up the story.
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Guardian Business
US unexpectedly lost 23,000 jobs in July as slump in growth continues
Estimates for previous two months were revised down sharply but unemployment rate held steady at 4.1%
Business live – latest updates
US employers unexpectedly lost 23,000 jobs in July and gains for the previous two months were revised down sharply by a combined 103,000 jobs, painting a weaker picture of the labor market than past data indicated.
The unemployment rate, however, held steady at 4.1%. Economists had pr…
7 Aug, 13:22
Centre
(1)
FT UK
US economy unexpectedly shed 23,000 jobs in July
Lacklustre figure prompts traders to scale back bets on Fed rate rises
7 Aug, 12:51
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