General Discussion

AI summary:

The U.S. Bureau of Labor Statistics revised its June jobs report to show a loss of 13,000 jobs, marking the first time the economy has shed jobs in a single month since December 2020. Initially reported as an increase of 14,000 jobs, the June figures were revised downward due to late responses from some industries, especially public schools, and routine recalculations of seasonal factors. This negative revision was part of a significant slowdown in job growth that also includes just 22,000 jobs added in August, pushing the unemployment rate to 4.3%, its highest level since 2021.