RESOLVING THE LEDGER
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Estimates for previous two months were revised down sharply but unemployment rate held steady at 4.1%
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US employers unexpectedly lost 23,000 jobs in July and gains for the previous two months were revised down sharply by a combined 103,000 jobs, painting a weaker picture of the labor market than past data indicated.
The unemployment rate, however, held steady at 4.1%. Economists had projected an unchanged unemployment rate and 83,000 new jobs for the month.
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