U.S. economy unexpectedly loses 23,000 jobs in July

The U.S. economy saw an unexpected 23,000 job losses for the month of July. CBS News MoneyWatch correspondent Kelly O'Grady has the details.

The United States labour market suffered an unexpected setback in July, with the economy losing 23,000 jobs amid signs that employers are becoming increasingly cautious about hiring.

US economy loses 23,000 jobs in July as labor market weakens  USA Today

US economy unexpectedly loses 23,000 jobs in July  CNN

The figures mark a sharp reversal for the American labor market and a political setback for President Donald Trump, less than three months before his Republican party seeks to keep full control of Congress in the midterm election.

The figures mark a sharp reversal for the American labor market and a political setback for President Donald Trump, less than three months before his Republican party seeks to keep full control of Congress in the midterm election.

The US economy unexpectedly lost 23,000 jobs in July, government data showed, a blow to US President Donald Trump’s claims of leading an economic revival as his Republican Party gears up for crucial midterm elections.. The unemployment rate in the world’s largest economy ticked down to 4.1 per cent, according to data p

Lacklustre figure prompts traders to scale back bets on Fed rate rises

Trump said this week that Americans have “the greatest economy maybe in the history of the world.” Reality keeps pointing in the opposite direction.

Nonfarm payrolls were projected to increase by 83,000 in July while the unemployment rate held steady at 4.2%, according to the Dow Jones consensus.

Payrolls across the American economy contracted by 23,000 jobs in July and the unemployment rate ticked down to 4.1 percent. The public sector's payrolls fell sharply, and the services sector hiring was soft, with a large contraction in retail and leisure. The goods-producing side of the economy, however, saw a solid e

The Bureau of Labor Statistics has revealed that the U.S. economy lost 23,000 jobs in July.