US Economy Unexpectedly Loses 23,000 Jobs in July

Hiring announcement on a door at a restaurant in Vineland, N.J., on June 4, 2024. Madalina Vasiliu/The Epoch TimesThe U.S. labor market stalled last month as the economy unexpectedly lost 23,000 jobs, new Bureau of Labor Statistics data show.Economists had projected a gain of about 80,000 positions.July’s unemployment rate fell to 4.1 percent, coming in below expectations.This is a developing story. Please check back for further updates.