U.S. economy
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U.S. economy lost 23,000 jobs in July
NBC News· 2026-08-07 13:51
This morning we are learning that the US economy lost 23,000 jobs in July. The unemployment rate also dropped to 4.1%. And if you think over the last year, you've got average job creation of about 34,000.So this is a reversal of what has already been a pretty lukewarm performance overall on average. And then you look at revisions here. um you know this the data scientists went back and they scrubbed these numbers and they actually revised down another 103,000.So that shows you a job market that's um it's mo ...
U.S. economy unexpectedly lost 23,000 jobs in July
CNBC Television· 2026-08-07 13:01
And here we go, Joe. July employment figures populating. Buckle up on this one.Minus minus 23,000 on non-farm payrolls. I can hear the bond yields falling right now. Minus 23,000.That would be the second worst number of the year outside of the only other negative number, minus 156 in February. Now, if we look at the two-month revision, another whopper minus 103,000. Manufacturing payroll is actually a bright spot.Manufacturing up 5,000. That would be uh what the best since it was up 15,000 in March. And tha ...