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US payroll drop raises job market concerns as Fed rate hike odds fall
US nonfarm payrolls fell 23,000 in July 2026, missing forecasts by 103,000 jobs and sending Fed rate hike expectations lower ahead of September.
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forbes.com
Surprise Drop In U.S. Jobs Shifts Fed Rate Expectations
The U.S. lost 23,000 jobs in July, far below forecasts, while earlier months were revised down—prompting markets to quickly rethink the Fed’s next rate move.
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edition.cnn.com
The US economy unexpectedly lost 23,000 jobs last month | CNN Business
A summer hiring slump dogged the US labor market in July as the economy unexpectedly lost 23,000 jobs, according to new data released Friday by the Bureau of Labor Statistics.
