CriticalEconomyAssociated Press·Associated Press

US job market stalled in July as employers cut 23,000 jobs, delivering political setback to Trump

The U.S. job market stalled unexpectedly in July as employers cut 23,000 jobs. The unemployment rate fell to 4.1% as 264,000 people dropped out of the labor market.

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Friday, August 7, 2026 at 11:36 AM EDT

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