US lost 23,000 jobs in July, contradicting Trump's economic claims

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The US unexpectedly lost 23,000 jobs in July, contrary to President Donald Trump's claims of economic revival ahead of November's midterm elections. The unemployment rate edged down to 4.1 per cent, according to the US Bureau of Labor Statistics. The data also raises questions about the Federal Reserve's expected rate hike and complicates Republicans' campaign ahead of the congressional elections. Employment declined in local government education and retail trade while growing in healthcare, the BLS said. Trump has pursued manufacturing revival and inflation-curbing policies during his second term.


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