US jobs decrease by 23K, BLS reports

In July, U.S. employers shed 23,000 jobs, marking the first monthly job loss since February and reflecting a weaker labor market, according to the Bureau of Labor Statistics. The unemployment rate decreased to 4.1%, driven by fewer people seeking work, while average hourly earnings rose marginally but fell short of inflation. Health care was the only sector to add jobs, whereas education, retail, and finance sectors experienced job declines.

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