- US0%
BlockBeats News, August 7th, the US unexpectedly lost 23,000 jobs in July, far below the expected gain of 80,000. The June figure was also revised down to a mere 20,000. Despite the soft job market, the unemployment rate unexpectedly dropped from 4.2% to 4.1%.
This disappointing report has once again raised concerns about the labor market and may complicate the Federal Reserve's interest rate decisions, as policymakers need to balance between soft employment and ongoing inflation.
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