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US employers unexpectedly cut 23,000 jobs in July news image

US employers unexpectedly cut 23,000 jobs in July

U.S. employers unexpectedly cut 23,000 jobs last month, and Labor Department revisions shaved 103,000 jobs off payrolls in May and June. The unemployment rate dipped to 4.1% only because Americans left the job market. Read more: This video may be available for archive licensing via

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