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 latest report. The pair also react to US Director of the National Economic Counci

U.S. employers unexpectedly cut 23,000 jobs last month, and Labor Department revisions shaved 103,000 jobs off payrolls in May and June.

US employers unexpectedly cut 23,000 jobs amid strain from the Iran war, unemployment dips to 4.1%  AP News

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.

Job cuts in July were unexpected, revealing a weakening labor market as the unemployment rate fell to 4.1%.

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.

U.S. employers unexpectedly cut 23,000 jobs last month, and Labor Department revisions shaved 103,000 jobs off payrolls in May and June

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

Northland has overtaken Auckland as the region recording the highest unemployment at 8.8 percent, up from 5.1 percent.

The Ghana Institute of Governance and Security (GIGS) has appealed to the United States, Israel and the Islamic Republic of Iran to immediately return to the negotiating table, warning that the prolonged conflict in the Middle East is exacting an unbearable human and economic toll on the region and the wider world. In