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S&P closes at record high as soft jobs report eases rate-hike concerns ReutersU.S. economy unexpectedly lost 23,000 jobs in July CNBCDow, S&P 500 and Nasdaq post major weekly gains Honolulu Star-AdvertiserLabor Market Shifts Into Reverse The New York TimesWhat the jobs report can't tell us about the confounding economic moment CNN
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The U.S. labor market went into reverse last month, as employers cut 23,000 jobs. Job gains for May and June were also revised downward.
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The Fed was expected to hike interest rates in September. Don't bet on that now, economists say. CBS NewsU.S. economy unexpectedly lost 23,000 jobs in July CNBCLabor Market Shifts Into Reverse nytimes.comWhat the jobs report can't tell us about the confounding economic moment CNN'Weaker than we thought': Jobs surprise deals setback for GOP in elections politico.com
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U.S. employers cut 23,000 jobs in July, and job gains for the two previous months were weaker than initially reported, according to a report Friday from the Labor Department.
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Move would test whether group can turn sky-high ambition into a mass-market phone business
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