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Markets Rally on Surprise U.S. Job Losses, Airbnb Soars and Trade Desk Tanks | Markets P.M. for Aug. 7 WSJU.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 CNNThe Fed was expected to hike interest rates in September. Don't bet on that now, economists say. CBS News
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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 unemployment rate ticked down to 4.1 percent, according to new Labor Department data, due mainly to people leaving the workforce.
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The chances of a hike remain, with upcoming inflation reports a key focus for Fed officials.
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