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Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Top economists on ‘unexpected turbulence’ in the U.S. jobs market — the plane is coming in low and hitting a rough patch

Nonfarm payrolls fell by 23,000 in July, the Bureau of Labor Statistics reported Friday, badly missing consensus estimates that had called for a gain of roughly 80,000 to 90,000 jobs. It’s the second month of outright payroll losses this year. Compounding the miss, the government revised down May and June job growth by a combined 103,000, meaning the economy has added an average of just 34,000 jobs a month over the past year — a fraction of the pace economists consider healthy.

The unemployment rate, meanwhile, ticked down to 4.1% from 4.2%. But almost every economist who weighed in Friday agreed on........

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