Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › U.S. economy unexpectedly lost 23,000 jobs in July
Business & Finance

U.S. economy unexpectedly lost 23,000 jobs in July

CNBC Friday 07 August 2026, 12:36 UTC 1 min read
Key Points

The U.S. economy saw an unexpected declined in jobs during July while the unemployment rate edged lower, the Bureau of Labor Statistics reported Friday in a snapshot that showed a slowing employment picture. Nonfarm payrolls fell by a seasonally adjusted 23,000 for the month, compared to a downwardly revised 20,000 for June. The Dow Jones consensus forecast had been looking for a gain of 83,000.

The U.S. economy saw an unexpected declined in jobs during July while the unemployment rate edged lower, the Bureau of Labor Statistics reported Friday in a snapshot that showed a slowing employment picture. Nonfarm payrolls fell by a seasonally adjusted 23,000 for the month, compared to a downwardly revised 20,000 for June. The Dow Jones consensus forecast had been looking for a gain of 83,000. At the same time, the unemployment slipped to 4.1% as the labor force participation rate fell further to 61.4%, its lowest in more than five years. This is breaking news. Please refresh for updates.
U.S. (LOCATION) the Bureau of Labor Statistics (ORG) Dow Jones (ORG)
Originally published by CNBC Read original →

Related Stories

Surprise fall in US jobs last month as slow summer continues

Analysts had expected an uptick in the number of jobs created, but the number of roles fell by 23,000 in July.

BBC Business 5m ago

Mums hope school uniform swap will help families

Items were donated to the pair for a swap event held in Tavistock Library.

BBC Business 8m ago

US Loses 23,000 Jobs in July, Unemployment Rate Falls

Aug 7th, 2026 US Loses 23,000 Jobs in July, Unemployment Rate Falls US employers unexpectedly cut jobs in July and hiring over the previous two months was revised lower. 23,000 jobs were lost, the estimate was for a gain of 80,000 jobs. The unemployment rate fell to 4.1% from 4.2%.

Bloomberg Markets 12m ago

Shares of this digital medical platform were up more than 100% at one point. Here's what's driving it

Shares of medical platform Doximity more than doubled at one point in premarket trading Friday after some bold comments on the margin for its new AI search tool. CEO Jeffrey Tangney said the product brings in 10 times what it costs to run. "It's early days on our AI search product, but I can tell you we're earning more than 10 times per search in revenue than it costs," he said on Thursday during the company's first-quarter fiscal 2027 earnings call.

CNBC 13m ago