The US economy has taken a hit with job losses in July. According to the Bureau of Labor Statistics, 23,000 jobs were lost, ending a four-month streak of job growth. This comes after modest gains in June, with only 20,000 jobs added.
The labor force participation rate has also fallen, indicating a slowing economy. 1% in July. Further details on the employment report and its implications are available from the Bureau of Labor Statistics.
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