US economy unexpectedly loses 23K jobs in July, unemployment rate hovers around 4%

The U.S. economy lost 23,000 in July, the federal government reported Friday.

Forecasters expected job gains for last month to be as high as 83,000, according to CNBC.

The unemployment rate fell slightly to 4.1% last month, compared to 4.2% in June, according to the Bureau of Labor Statistics report Friday.