US unexpectedly lost 23,000 jobs in July as slump in growth continues

Estimates for previous two months were revised down sharply but unemployment rate held steady at 4.1% Business live – latest updates US employers unexpectedly lost 23,000 jobs in July and job gains for the previous two months were revised down sharply, as the summer slump in job growth continued amid ongoing conflict in the Middle East. The unemployment rate, however, held steady at 4.1%. Economists had projected an unchanged unemployment rate and 83,000 new jobs for the month. Continue reading...