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Employers unexpectedly cut 23,000 jobs in a sign of a wilting labor market

Employers unexpectedly cut 23,000 jobs in a sign of a wilting labor marketWorldPing

U.S. employers cut 23,000 jobs in July, and job gains for the two previous months were weaker than initially reported, according to a report Friday from the Labor Department.

This is a short WorldPing brief. The full report was published by NPR Top.

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CNBC World

U.S. economy unexpectedly lost 23,000 jobs in July

Nonfarm payrolls were projected to increase by 83,000 in July while the unemployment rate would hold steady at 4.2%, according to the Dow Jones consensus.

Brief by WorldPing · Original reporting by CNBC World