Forex
US Economy Posts Surprise Job Losses Amid Mixed Recession Signals
The Big Four recession indicators have given mixed signals in recent months.
One of these key metrics is nonfarm payroll employment, which fell short of expectations in July.
According to data released by the Bureau of Labor Statistics, the US economy shed 23,000 jobs last month, missing the forecasted addition of 85,000 jobs.
The unemployment rate has actually decreased to 4.1%, while the U6 unemployment rate dropped to 7.9%.