The Conference Board’s Consumer Confidence Index slipped 0.8 points in August to 89.4, coming in below the 90.3 economists had forecast.
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U.S. Economy Shed 23,000 Jobs in July as Hiring Stalls
The American job market went backward last month. Employers cut 23,000 jobs in July, the Bureau of Labor Statistics reported Friday, against forecasts of an 83,000 gain. The unemployment rate edged down a tenth of a point to 4.1 percent, but not for encouraging reasons. The decline came largely from people leaving the workforce rather than finding jobs. Labor …
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