ENTITY Sal Guatieri

Sal Guatieri

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RESEARCH · CL_188052 · Aug 7 · 13:27

US economy shows surprising job cuts and labor force drop in July

The U.S. economy experienced a surprising downturn in July, with employers cutting 23,000 jobs and previous months' figures revised downward by 103,000. The unemployment rate fell to 4.1%, not due to increased hiring, b…