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US economy unexpectedly sheds jobs in July

By Michele Maatouk

Date: Friday 07 Aug 2026

(Sharecast News) - The US economy unexpectedly shed jobs in July, according to data released on Friday by the Bureau of Labor Statistics, making a September rate hike by the Federal Reserve unlikely.
Non-farm payrolls fell by 23,000 following a revised 20,000 increase in June, missing consensus expectations for an 80,000...

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