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The Economic Times

National / The Economic Times

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US unemployment rate eases to 4.1%; employers cut 23,000 jobs in July

The United States economy unexpectedly lost jobs in July, which may affect Federal Reserve decisions. Nonfarm payrolls decreased by 23,000 jobs, contrary to economist expectations for growth. The unemployment rate fell to 4.1 percent as labor force participation declined further. Financial markets had anticipated a September interest rate increase from the central bank.

7 Aug 2026 6:18 pm