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    US nonfarm payrolls fall as jobless rate eases

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    The US economy lost 23,000 jobs in July, with previous months' nonfarm payrolls revised downwards, raising concerns about a potential interest rate hike by the Federal Reserve. The unemployment rate decreased to 4.1% from 4.2%, despite a decline in labor force participation. Economists had expected job growth, but the labor market shows signs of a 'slow hire, slow fire' trend.
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