Here's the headline:
Jobless rate down for first time in a year
The economy shed 247,000 jobs in July, less than expected and lowest total of losses since last August. Unemployment rate inches down to 9.4%.
CNN Money article here
read deeper: Job losses for July: 443,000
The unemployment rate fell even as employers continued to cut jobs because the Labor Department estimated there were 237,000 fewer people it counted as unemployed....even though in actual fact: thay ARE NOT working - they just are no longer counted.
Actual job losses 443,000.
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