None
EN
US job market stalled in July as employers cut 23,000 jobs, delivering political setback to Trump
['Paul Wiseman', 'Josh Boak', 'Associated Press']
Standard Democrat Latest News
“The Fed has to consider the health of the job market as they debate whether a hike is justified,″ said Glassdoor’s Zhao.
“This is a bleak jobs report," said Heather Long, chief economist at Navy Federal Credit Union.
"The U.S. labor market is stalling again and that is going to make the Federal Reserve’s job harder and life for job seekers rough.''
But Americans who have lost their jobs – or are seeking to bust into the job market for the first time – are struggling to catch a break.
Economists have used the term "no hire, no fire'' to describe the unusual job market conditions.