vieclam

The US economy unexpectedly recorded a drop of 23,000 jobs in July, far deviating from the initial expectation of an increase of 85,000 jobs. By contrast, the unemployment rate edged slightly down to 4.1%, better than the forecast of 4.2%. Notably, the June employment data was also revised downward by an additional 37,000 positions. This marks the third-largest month-on-month decline in jobs recorded recently, indicating that the US labor market is showing quite clearly signs of "running out of steam."

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