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US job growth likely picked up in July; unemployment rate forecast unchanged at 4.2%

US job growth likely picked up in July; unemployment rate forecast unchanged at 4.2%

By Lucia Mutikani WASHINGTON, Aug 7 (Reuters) - U.S. job growth likely picked up in July, offering reassurance that the labor market remained resilient and allowing the Federal Reserve to maintain its focus on inflation.
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U.S. Economy Loses 23,000 Jobs in July Amid Hiring Slump

U.S. Economy Loses 23,000 Jobs in July Amid Hiring Slump

U.S. Economy Loses 23,000 Jobs in July Amid Hiring Slump
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US suffers unexpected job losses in July, markets dial back rate hike expectations

US suffers unexpected job losses in July, markets dial back rate hike expectations

By Lucia Mutikani WASHINGTON, Aug 7 (Reuters) - The U.S. economy unexpectedly shed jobs in July and previously reported job gains for the prior two months were revised sharply lower, tempering financial market expectations for an interest rate hike from the Federal Reserve next month.
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US nonfarm payrolls unexpectedly decline in July; unemployment rate eases to 4.1%

US nonfarm payrolls unexpectedly decline in July; unemployment rate eases to 4.1%

By Lucia Mutikani WASHINGTON, Aug 7 (Reuters) - The U.S. economy unexpectedly shed jobs in July and nonfarm payrolls for the prior two months were revised sharply lower, raising questions about whether the Federal Reserve will increase interest rates next month.
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Economists Warn of Negative Trends in Falling Long-Term Unemployment

Economists Warn of Negative Trends in Falling Long-Term Unemployment

The Bureau of Labor Statistics reported a decline in long-term unemployment in July, with the number of people unemployed for 27 weeks or more decreasing by 64,000 to approximately 1.8 million. However, economists caution that this decline is not necessarily positive, as it appears to be driven by discouraged workers exiting the labor force rather than finding employment. The national unemployment rate also fell to 4.1%, but labor force participation is at its lowest since February 2021. This trend suggests that many job seekers are giving up on finding work due to a challenging job market characterized by low hiring rates.
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U.S. Economy Loses 23,000 Jobs in July, Affecting Fed Rate Hike Prospects

U.S. Economy Loses 23,000 Jobs in July, Affecting Fed Rate Hike Prospects

U.S. Economy Loses 23,000 Jobs in July, Affecting Fed Rate Hike Prospects
Reuters Reuters
US nonfarm payrolls fall in July; unemployment rate eases to 4.1%

US nonfarm payrolls fall in July; unemployment rate eases to 4.1%

By Lucia Mutikani WASHINGTON, Aug 7 (Reuters) - The U.S. economy unexpectedly shed jobs in July and nonfarm payrolls for the prior month were revised sharply lower, potentially raising questions about whether the Federal Reserve will increase interest rates next month.
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July Layoffs Reach Two-Year Low Despite AI Concerns, Report Shows

July Layoffs Reach Two-Year Low Despite AI Concerns, Report Shows

July Layoffs Reach Two-Year Low Despite AI Concerns, Report Shows
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U.S. Economy Faces Unexpected Job Losses in July, Unemployment Rate Falls

U.S. Economy Faces Unexpected Job Losses in July, Unemployment Rate Falls

U.S. Economy Faces Unexpected Job Losses in July, Unemployment Rate Falls
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U.S. Economy Faces Unexpected Job Losses in July Amidst Rising Inflation Concerns

U.S. Economy Faces Unexpected Job Losses in July Amidst Rising Inflation Concerns

U.S. Economy Faces Unexpected Job Losses in July Amidst Rising Inflation Concerns
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U.S. Economy Faces Unexpected Job Losses in July, Raising Concerns Over Economic Stability

U.S. Economy Faces Unexpected Job Losses in July, Raising Concerns Over Economic Stability

U.S. Economy Faces Unexpected Job Losses in July, Raising Concerns Over Economic Stability
Reuters Reuters
US labor market stable; worker productivity accelerates in second quarter

US labor market stable; worker productivity accelerates in second quarter

By Lucia Mutikani WASHINGTON, Aug 6 (Reuters) - The number of Americans filing claims for unemployment benefits increased slightly last week, while layoffs dropped to a two-year low in July, consistent with a stable labor market.