The US unemployment rate fell to 4.1% in July, despite employers cutting 23,000 nonfarm payroll jobs, defying economist expectations for job growth.
Unemployment rate has fallen to 4.1%
Aug 08, 2026
03:31 pm
What's the storyThe US economy witnessed an unexpected job loss in July, with nonfarm payrolls declining by 23,000 jobs, contrary to economists' expectations of growth.
However, the unemployment rate has fallen to 4.1% from 4.2% in June, as per the latest report from the US Bureau of Labor Statistics (BLS).
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