Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › US Loses 23,000 Jobs in July, Unemployment Rate Falls
Business & Finance

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

Bloomberg Markets Friday 07 August 2026, 13:19 UTC 1 min read
Key Points

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%.

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's Michael McKee reports.
US (LOCATION) Bloomberg (ORG) Michael McKee (PERSON)
Originally published by Bloomberg Markets Read original →

Related Stories

BlackRock's Rieder Sees 'Productivity Revolution' in US

Aug 7th, 2026 BlackRock's Rieder Sees 'Productivity Revolution' in US Rick Rieder, CIO of global fixed income at BlackRock, calls the July US employment report "unremarkable." Speaking on "Bloomberg The Open," Rieder says he expects 6% nominal GDP amid a "productivity revolution" in the US.

Bloomberg Markets 13m ago

Volkswagen’s top stakeholders call for immediate steps to boost competitiveness

As Volkswagen continues to deal with tariff impact and rising competition from Chinese carmakers, taking drastic cost-cutting and strategy steps have become all the more crucial to maintain its market position. Volkswagen’s biggest shareholder, Porsche SE, has called for the German car company to take immediate steps to fight off rising competition from Chinese auto brands. This could be the biggest overhaul in the company’s 89-year history.

Euronews 22m ago

Copenhagen, Normandy, Exmoor: European destinations where tourists are rewarded for good behaviour

Cities in Europe have been inspired by Copenhagen’s good behaviour rewards with Exmoor the latest to announce the launch of a new scheme. Dozens of popular European destinations have brought in fines, taxes and other restrictions on travellers in recent months, in an attempt to combat overtourism. However, in 2024, Copenhagen took a very different approach.

Euronews 29m ago

With Johor Bahru set to be just a 5-minute train ride away, Singapore merchants need to raise their game

With Johor Bahru set to be just a 5-minute train ride away, Singapore merchants need to raise their game The impact could ripple beyond shops and restaurants, but analysts say that it also offers Singapore businesses a chance to reinvent themselves through better service, stronger brands and new business models. Every week or two, Mrs Ruth Lee makes a half-hour drive to Johor Bahru in Malaysia to enjoy a hearty breakfast and stock up on groceries, saving between 30 and 50 per cent of what...

Channel News Asia 30m ago