U.S. Employment Unexpectedly Dips In July, Unemployment Rate Edges Lower
A closely watched report released by the Labor Department on Friday unexpectedly showed a modest decrease in U.S. employment in the month of July.
The Labor Department said non-farm payroll employment dipped by 23,000 jobs in July compared to economist estimates for an increase of about 88,000 jobs.
The unexpected dip in employment partly reflected a notable decline in employment in local government education, which fell by 50,000 jobs.
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