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July Jobs Report: Unemployment Rate Ticks Down Despite Surprise Job Losses
A jobseeker turns in an application during a job fair in Dallas, Texas, on Wednesday, July 29.Credit: Dylan Hollingsworth / Bloomberg via Getty ImagesA surprise drop in the number of jobs in July still didn’t raise the unemployment rate.The economy lost 23,000 jobs in July, the Bureau of Labor Statistics reported Friday. Economists had expected U.S. employers to add 83,000 jobs, according to a survey by Dow Jones Newswires and The Wall Street Journal. June employment was also revised down to 20,000 jobs added that month from an initial report of 57,000.“This month’s employment report was…
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