US Employers Unexpectedly Cut 23,000 Jobs

WASHINGTON (AP) — U.S. employers unexpectedly cut 23,000 jobs last month, and Labor Department revisions shaved 103,000 jobs off payrolls in May and June. But the unemployment rate dipped to 4.1% as Americans left the job market. The June jobs numbers from the Labor Department Friday marked a sharp reversal for the U.S. labor market. Hiring had been rebounding this year from a lackluster 2025 in the face of the conflict in the Persian Gulf that has sent energy prices surging and put a strain on family budgets. Job growth had been solid, if unspectacular.U