U.S. shed 23,000 jobs in July, but entertainment industry bucked the trend

The U.S. economy shed 23,000 jobs in July, sharply missing analyst forecasts of up to 100,000 gains, according to Bureau of Labor Statistics figures. The unemployment rate edged down slightly to 4.1%. Local government education and retail trade saw the steepest declines, while the movies and entertainment sector recorded an uptick in employment.