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Morning Edition · Friday, August 7, 2026Published at 10:43 AM EDT · New York
US Payrolls Fell 23,000 in July, a Sharp Reversal From June's Gain
The decline came in well below the roughly 34,000-job average monthly gain of the preceding twelve months and far short of the 83,000 to 95,000 new jobs economists had forecast.
The US Bureau of Labor Statistics reported that nonfarm payrolls fell by 23,000 in July, reversing a revised 20,000-job gain in June and coming in well below the average monthly gain of roughly 34,000 over the preceding twelve months, accor…
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