US Employers Unexpectedly Shed Jobs; Unemployment Rate Falls
4 outlets - including Bloomberg, Financialpost and Ft and 1 more - are covering this story. Friday's weaker-than-expected jobs report for July sent stocks up, on skepticisms that the Fed would cut interest rate amid a softening labor market. Bloomberg's Mike McKee and Deutsche Bank Chief US Economist Matthew Luzzetti discuss the l…
Covered by 4 outlets
All coverage · 6 articles
US Employers Shed Jobs, Unemployment Falls
Friday's weaker-than-expected jobs report for July sent stocks up, on skepticisms that the Fed would cut interest rate amid a softening labor market. Bloomberg's Mike McKee and Deutsche Bank Chief US Economist Matthew Luzzetti discuss the l…
U.S. employers unexpectedly shed jobs as unemployment rate falls
The decline in payrolls was driven by cuts in government, leisure and hospitality and retail trade
US Loses 23,000 Jobs in July, Unemployment Rate Falls
US employers unexpectedly cut jobs in July and hiring over the previous two months was revised lower. 23,000 jobs were lost, the estimate was for a gain of 80,000 jobs. The unemployment rate fell to 4.1% from 4.2%. Bloomberg's Michael McKee…
US economy unexpectedly shed 23,000 jobs in July
Lacklustre figure prompts traders to scale back bets on Fed rate rises
US Employers Unexpectedly Shed Jobs; Unemployment Rate Falls
US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor market is weaker than previously thought after surprising strength earlier this year.
U.S. unexpectedly shed 23,000 jobs in July, putting Fed rate hikes in question
The chances of a Federal Reserve rate hike at its next meeting in September have slipped below 50% in the aftermath of the report.