The U.S. labor market shed jobs in July, an unexpected contraction likely to renew questions about the economy’s fundamental strength at a time when it is also facing elevated inflation – United Cultures

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The U.S. labor market shed jobs in July, an unexpected contraction likely to renew questions about the economy’s fundamental strength at a time when it is also facing elevated inflation

August 8, 2026

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Jobs and unemployment sent conflicting signals, but fewer people were actively looking for work. The unemployment rate fell to 4.1%.

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