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NPR News·4 min read·medium

Employers unexpectedly cut 23,000 jobs in a sign of a wilting labor market

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Scott Horsley
Employers unexpectedly cut 23,000 jobs in a sign of a wilting labor market
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The U.S. labor market experienced an unexpected downturn in July with 23,000 jobs cut and downward revisions to previous months. Rising worker anxiety and a record-low confidence index suggest a cooling economy that may complicate Federal Reserve interest rate decisions.

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The U.S. job market unexpectedly stalled in July.

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