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World Service,07 Aug 2026,8 mins

US creates fewer new jobs than expected

World Business Report

Available for 24 days

Overall, the US economy shed 23,000 jobs in July in the latest sign of a cooling labour market. Traders say an interest rate rise is now less likely. Meta, the owner of Instagram and Facebook, has been fined a record penalty of half a billion dollars in a court case over child safety. And a row has broken out in the UK as a local authority tries to stop people standing up in pubs.

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