July 2026 Jobs Slide Keeps Fed Hikes in Play
TL;DR Summary
US July nonfarm payrolls fell 23,000 as unemployment eased to 4.1% and the labor-force participation rate slipped to 61.4% (the lowest in over five years). May and June were revised down, with declines led by local government education (-50k) and retail (-19k); healthcare added 22k. Average hourly earnings rose just 2 cents to 3.2% year-over-year. With policymakers split on rate moves, futures imply mixed odds for a September hike while markets rose on the prospect of slower inflation, and yields fell.
- U.S. economy unexpectedly lost 23,000 jobs in July cnbc.com
- Jobs Report Live Updates: U.S. Job Market Shows Unexpected Loss The New York Times
- US economy unexpectedly shed jobs in July Fox Business
- July payrolls fall by 23,000, putting Fed hike in doubt — live updates MarketWatch
- Jobs Report Today: Employment Data to Give Investors Clues on Fed Moves — Live Updates WSJ
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