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US economy sheds jobs amid Iran conflict
The impact of the war on Iran led to the loss of approximately 23,000 non-agricultural jobs in the U.S. in July, despite expectations of creating 80,000 jobs. The unemployment rate also dropped to 4.1%, with the number of unemployed reaching around 6.9 million, reflecting a decline in the labor market due to supply chain disruptions, rising costs for companies, and the effects of imposing tariffs in the trade war.
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