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US Lost Many Jobs in July

US Lost Many Jobs in July

US Lost Many Jobs in July
Some parts of the economy lost many jobs. Schools lost 50,000 jobs. Hotels and restaurants lost 40,000 jobs. Shops lost 19,000 jobs. Building companies added 22,000 jobs. Health care added 22,000 jobs, but this is fewer than usual. People have different opinions about the news.
Now everyone is watching the Federal Reserve. Prices are still rising. The job market is getting weaker. The Federal Reserve must make a choice. It kept interest rates the same. Experts think the Federal Reserve will not raise rates in September. Pay went up 3.2% in a year, which is probably too slow.