The U.S. economy unexpectedly lost 23,000 jobs in July, according to the latest jobs report, even as the unemployment rate fell to 4.1%, highlighting a mixed and uneven labor market.
The report showed wages remained largely stagnant despite the drop in unemployment, raising questions among economists about the underlying strength of the job market heading into the fall.
Analysts said the unexpected job losses could influence upcoming decisions from the Federal Reserve as officials weigh the health of the labor market against inflation concerns.