NPR News·4 min read·medium
Employers unexpectedly cut 23,000 jobs in a sign of a wilting labor market
S
Scott Horsley
✦AI Summary
The U.S. labor market experienced an unexpected downturn in July with 23,000 jobs cut and downward revisions to previous months. Rising worker anxiety and a record-low confidence index suggest a cooling economy that may complicate Federal Reserve interest rate decisions.
The U.S. job market unexpectedly stalled in July.
economybusiness
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