# US loses 23,000 jobs as hiring slump deepens 2026-08-08T06:06:06+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet US employers unexpectedly cut 23,000 jobs in July, far below the 95,000 gain economists had forecast. The Bureau of Labor Statistics also revised June's job gains down sharply to 20,000 from 57,000, and May's gains to 66,000 from 129,000. The unemployment rate dipped to 4.1% only because Americans left the labour market. Healthcare added 22,600 jobs, while restaurants and bars lost 26,000 and local public schools cut 50,000 positions. Average hourly earnings rose just 0.1% in July, with annual pay growth slowing to 3.2%, the lowest in five years, while inflation remains at 3.5%. Business Today reports economists expect seasonal adjustments may have exaggerated some losses. ## Coverage - timesofindia.indiatimes.com - businesstoday.in Tags: Federal Reserve, job cuts, labour market, unemployment, US economy Canonical: https://indianopinion.org/us-employers-cut-23000-jobs-unemployment-dips-to-4-1/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/us-employers-cut-23000-jobs-unemployment-dips-to-4-1/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.