The U.S. job market unexpectedly stalled in July. A report Friday from the Labor Department shows that employers cut 23,000 jobs last month, and job gains for May and June were revised sharply lower. "And that's on top of workers who are not in a job right now and feel frozen out of the job market." The softening job market may complicate the Federal Reserve's job, since it's also battling stubborn inflation. The Fed may be more cautious about raising interest rates at a time when the labor market appears less stable.