The resilience of the American labor market took a hit last month as the U.S. economy unexpectedly shed a staggering 23,000 jobs, according to fresh data from the Bureau of Labor Statistics. This reversal stands in contrast to the 80,000 new positions economists had confidently projected.
Meanwhile the official unemployment rate reportedly dipped to 4.1 percent, falling below what some had anticipated, but the results in general raise questions about the true health of the economy, and the current job market motivations.
