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Odds the Fed will hike in September tumble following big July jobs miss
CNBC Television· 2026-08-07 20:45
The US economy losing 23,000 jobs in the month of July. Will that number give Fed Chairman Worsh cover to keep rates the same. Steve Leeman joins us now.The markets seem to think that at least >> Yeah, it's a disappointing report, uh, Melissa, that suggests some weakening in the job market, but at the same time, it's in line with the relative stability that Fed officials have talked about. I'll show you the numbers here. minus 23,000 on non-farm payrolls, but not unfortunately far off what's needed to keep ...
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 ...