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U.S. Economy Loses 23,000 Jobs in July Amid Hiring Slump

U.S. Economy Loses 23,000 Jobs in July Amid Hiring Slump

U.S. Economy Loses 23,000 Jobs in July Amid Hiring Slump
Reuters Reuters
US job growth likely picked up in July; unemployment rate forecast unchanged at 4.2%

US job growth likely picked up in July; unemployment rate forecast unchanged at 4.2%

By Lucia Mutikani WASHINGTON, Aug 7 (Reuters) - U.S. job growth likely picked up in July, offering reassurance that the labor market remained resilient and allowing the Federal Reserve to maintain its focus on inflation.
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U.S. Economy Loses 23,000 Jobs in July, Affecting Fed Rate Hike Prospects

U.S. Economy Loses 23,000 Jobs in July, Affecting Fed Rate Hike Prospects

U.S. Economy Loses 23,000 Jobs in July, Affecting Fed Rate Hike Prospects
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U.S. Economy Faces Unexpected Job Losses in July, Raising Concerns Over Economic Stability

U.S. Economy Faces Unexpected Job Losses in July, Raising Concerns Over Economic Stability

U.S. Economy Faces Unexpected Job Losses in July, Raising Concerns Over Economic Stability
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U.S. Economy Loses 23,000 Jobs in July, Wage Growth Slows Amid Payroll Weakness

U.S. Economy Loses 23,000 Jobs in July, Wage Growth Slows Amid Payroll Weakness

U.S. Economy Loses 23,000 Jobs in July, Wage Growth Slows Amid Payroll Weakness
Reuters Reuters
US nonfarm payrolls fall in July; unemployment rate eases to 4.1%

US nonfarm payrolls fall in July; unemployment rate eases to 4.1%

By Lucia Mutikani WASHINGTON, Aug 7 (Reuters) - The U.S. economy unexpectedly shed jobs in July and nonfarm payrolls for the prior month were revised sharply lower, potentially raising questions about whether the Federal Reserve will increase interest rates next month.
Reuters Reuters
US suffers unexpected job losses in July, markets dial back rate hike expectations

US suffers unexpected job losses in July, markets dial back rate hike expectations

By Lucia Mutikani WASHINGTON, Aug 7 (Reuters) - The U.S. economy unexpectedly shed jobs in July and previously reported job gains for the prior two months were revised sharply lower, tempering financial market expectations for an interest rate hike from the Federal Reserve next month.
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Weak July Jobs Report Strengthens Case for Fed to Hold Interest Rates

Weak July Jobs Report Strengthens Case for Fed to Hold Interest Rates

Weak July Jobs Report Strengthens Case for Fed to Hold Interest Rates
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U.S. Labor Market Weakens as Employers Cut 23,000 Jobs in July

U.S. Labor Market Weakens as Employers Cut 23,000 Jobs in July

U.S. Labor Market Weakens as Employers Cut 23,000 Jobs in July
Reuters Reuters
US nonfarm payrolls unexpectedly decline in July; unemployment rate eases to 4.1%

US nonfarm payrolls unexpectedly decline in July; unemployment rate eases to 4.1%

By Lucia Mutikani WASHINGTON, Aug 7 (Reuters) - The U.S. economy unexpectedly shed jobs in July and nonfarm payrolls for the prior two months were revised sharply lower, raising questions about whether the Federal Reserve will increase interest rates next month.
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U.S. Economy Loses 23,000 Jobs in July, Unemployment Rate Falls to 4.1%

U.S. Economy Loses 23,000 Jobs in July, Unemployment Rate Falls to 4.1%

The U.S. economy lost 23,000 jobs in July 2026, contrary to economists' expectations of an 80,000 job gain. The unemployment rate fell to 4.1%, partly due to a decrease in labor force participation. The leisure and hospitality sector saw a significant drop of 40,000 jobs, while local government positions fell by 57,000. Retailers also reduced their workforce. Despite the job losses, sectors like healthcare and construction continued to grow. Average hourly earnings increased by 3.2% year-over-year, which may not keep pace with inflation.
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Gold Prices Surge as U.S. Economy Loses 23,000 Jobs in July

Gold Prices Surge as U.S. Economy Loses 23,000 Jobs in July

Gold Prices Surge as U.S. Economy Loses 23,000 Jobs in July