US economy sheds 23,000 jobs in July; Unemployment drops to 4.1% on shrinking workforce
- Posted on August 7, 2026
- By Financial Express
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- 1 min read
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US economy sheds 23,000 jobs in July; Unemployment drops to 4.1% on shrinking workforce
The US economy lost 23,000 jobs in July, surprising economists expecting gains. Unemployment slightly fell to 4.1%, while job revisions lowered previous months' growth, highlighting labor market challenges.
