Augusta SaraivaAug 8, 2026 – 2.40amUS employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labour market is weaker than previously thought after surprising strength earlier this year.Nonfarm payrolls decreased 23,000 last month following a combined 103,000 downward revision to the May and June figures, Bureau of Labor Statistics data showed. The unemployment rate fell to 4.1 per cent as labour force participation continued to slide, and wage growth slowed.BloombergSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
US employers unexpectedly cut jobs in July, jobless rate falls
The report suggests the labour market may be starting to falter amid rising prices, and it could prompt the Federal Reserve to delay interest-rate increases.
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