America Shed 23,000 Jobs in July
Unemployment Falls
Payrolls across the American economy contracted by 23,000 jobs in July and the unemployment rate ticked down to 4.1 percent. The public sector’s payrolls fell sharply, and the services sector hiring was soft, with a large contraction in retail and leisure. The goods-producing side of the economy, however, saw a solid expansion, with both construction and durable goods manufacturing expanding at a rapid pace.
