1 Million Leave Workforce as Home Prices Hit $434K Record

Existing home sales stayed flat for a fourth straight year in July, holding at 4.06 million — even as the labor market took an unexpected hit. Matt Lombardi and Steve Kaempf break down a July jobs report that showed a surprise loss of 23,000 jobs against expectations of an 83,000 gain, with May and June revised down another 103,000 jobs. Nearly a million people left the labor force over the past…