US job market stalls as schools, service sectors lead July cuts

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What the weak U.S. jobs report in July means for the economy

WASHINGTON (AP) — The U.S. job market stalled unexpectedly last month, delivering a political blow to President Donald Trump three months ahead of midterm elections and complicating decision-making for the inflation fighters at the Federal Reserve.

Employers cut 23,000 jobs in July, and Labor Department revisions slashed 103,000 jobs from May and June payrolls.

The unemployment rate fell but for the wrong reason: Thousands of people dropped out of the labor market so fewer people were competing for work.

The July jobs numbers from the Labor Department Friday mar...

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