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Jobs Fell in July Despite Low Layoffs | Minneapolis News
The U.S. economy shed 23,000 jobs in July—far below the expected 95,000 gain—revealing a surprisingly sluggish labor market. While unemployment dipped to 4.1%, deeper dives show May and June’s job gains were also revised down by 103,000, hinting at weaker hiring trends. Education and retail took the biggest hits, losing 50,000 and 19,000 jobs respectively, while healthcare added 22,000—still not enough to reverse the decline. Young workers are especially hard hit, with experts calling it a “low fire, low hire” environment: layoffs are at a two-year low, but hiring hasn’t meaningfully picked…
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