
US Economy Sheds 23,000 Jobs in July as Real Wages Sink to 5-Year Low
The US economy shed 23,000 nonfarm payroll jobs in July, the first outright monthly job loss of this economic cycle, while the unemployment rate slipped to 4.1% from 4.2% in June. The Bureau of Labor Statistics released the figures on Friday and they showed wage growth trailing inflation for a second straight quarter. Key Takeaways The


































