July Jobs Shock: US Lost 23K Workers, Below Lowest Estimate, As Unemp Rate Drops To 4.1%
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Source: Zero Hedge
Published: 2026-08-07 22:49 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Labour & Workers
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Snippet:
Ahead of today's jobs report, in our payrolls preview we warned that "July Has Emerged As A Very Poor Month For Jobs" and boy were we right: moments ago the BLS reported that in July, the US labor force shrank by a whopping 23K, sharply lower from a downward revised 20K in June (from 57K), and the worst print since the negative 156K in February.
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