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U.S. sheds 23,000 jobs in 'bleak' July report

(The Center Square) — The U.S. economy lost 23,000 jobs in July, while the unemployment rate dropped to 4.1%, according to a new report from the U.S. Bureau of Labor Statistics on Friday.

Over the last 12 months, employment gains increased by 34,000. July's figure keeps at pace with fluctuations over the yearlong period.

Employment in local government education declined by 50,000 in July, a key driv…

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