WSJ NEWS ALERT: U.S. Nonfarm Payrolls Fell 131,000 in July; Jobless Rate Holds at 9.5%

The U.S. economy shed more jobs than expected in July while the unemployment rate held steady at 9.5%, a further sign the economic recovery may be losing momentum.

Nonfarm payrolls fell by 131,000 last month as the rise in private-sector employment was not enough to make up for the government jobs lost, the U.S. Labor Department said. Only 71,000 private-sector jobs were added last month while 143,000 temporary workers on the 2010 census were let go.

https://online.wsj.com/article/SB10001424052748703309704575412990024153682.html?mod=djemalertNEWS

Comments

comments