U.S. Employers Shed Jobs  —  Unemployment Rate Held Steady at 9.5% in July  —  WASHINGTON — The U.S. economy shed more jobs than expected in July while the unemployment rate held steady at 9.5%, a further sign the economic recovery may be losing momentum.

Jobs Report Terrible, Again  —  The economy lost 131,000 jobs in July, all of them in the government.  Private payrolls added north of 70,000 workers—anemic in the face of our current unemployment rate, but hey, at least it's something.  But government jobs fell by 200,000, mostly …

Romer To Leave White House  —  Christina Romer, chairwoman of Pres. Obama's Council of Economic Advisers, has decided to resign, according to a source familiar with her plans.  —  Romer, an economics professor at the University of California (Berkeley) before taking the key admin post, did not respond to repeated calls to her office.

Obama Fed Board Pick Diamond Gets Referred Back to White House by Senate  —  The Senate sent the nomination of Peter Diamond, one of President Barack Obama's three nominees for the Federal Reserve Board, back to the White House because of objections from at least one lawmaker.