By Newsflash: The US economy shed jobs last month.
The US nonfarm payroll shows a fall of 23,000 jobs in July, startling economists who had expected a rise of around 80,000.
Employment declined in local government education and retail trade, the US Bureau of Labor Statistics reports, but continued to rise in health care (a steady provider of jobs for Americans).
However, the US unemployment rate dipped to 4.1% in July, down from 4.2% reported last month, suggesting people dropped out of the labor force.
Originally published on www.theguardian.com — View original