US job market stalls in July with 23,000 jobs lost

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The US job market showed signs of stalling in July as employers unexpectedly cut 23,000 jobs instead of creating new ones. The Associated Press published this development in a report regarding the employment situation in the United States. According to the Associated Press, the drop in employment in July presents an unfavourable picture of the US job market and points to a slowdown in hiring activity. The report did not provide further details regarding the affected sectors or the unemployment rate. The Associated Press described the outcome as a political setback for US President Donald Trump, as job market performance is considered an important indicator for evaluating the economic situation and government policies.