US employers shed 23K jobs, BLS report suggests weaker labor market
employers shed 23,000 jobs in July, the Bureau of Labor Statistics said Aug. 7, a figure far below analysts' expectations, and downward revisions to job growth numbers for May and June reflect a weaker labor market than previously estimated. The July estimate comes in below the department’s now-revised estimated gains of 20,000 jobs added in June and 63,000 added in May. While the BLS jobs report is generally considered the gold standard for labor market data, ADP’s National Employment Report...
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