23,000 U.S. jobs were lost in July as labor report also shows dip in unemployment

U.S. employers unexpectedly cut 23,000 jobs last month, and Labor Department revisions shaved 103,000 jobs off payrolls in May and June. The unemployment rate dipped to 4.1% only because Americans left the job market. The July jobs numbers from the Labor Department on Friday marked a sharp reversal for the American labor market and a setback for President Donald Trump less than three months before his Republican party seeks to keep full control of Congress in the midterm election. Forecasters…