From Yahoo Finance UK, August 7:
The economy shed 23,000 jobs last month, the Labor Department said Friday, though the unemployment rate slid to 4.1%.
Economists surveyed by Bloomberg had expected a gain of 80,000 positions, an improvement from June's revised gain of 20,000 jobs.
Private data released this week on the health of the labor market had already been largely benign. Job openings slowed a touch in June, with little movement in quits, layoffs, and hiring rates. Private-sector hiring data from ADP, meanwhile, showed growth fell short of economists' predictions last month, but pay for job-switchers improved — a small bright spot. And the global outplacement firm Challenger, Gray & Christmas reported that layoff plans declined last month, while hiring plans increased....
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