EconomyUS Loses 23,000 Jobs in July as Unemployment Rate Falls

Name: US Loses 23,000 Jobs in July as Unemployment Rate Falls
Uploaded: 2026-08-07T13:20:23.000Z
Description: US employers unexpectedly cut 23,000 jobs in July. Hiring figures for the prior two months were revised lower as well. The result was far weaker than the expected gain of 80,000 jobs. Despite the employment decline, the unemployment rate fell to 4.1% from 4.2%. Bloomberg’s Michael McKee reports.

US employers unexpectedly cut 23,000 jobs in July. Hiring figures for the prior two months were revised lower as well. The result was far weaker than the expected gain of 80,000 jobs. Despite the employment decline, the unemployment rate fell to 4.1% from 4.2%. Bloomberg’s Michael McKee reports.

Bloomberg Television 2026-08-07 13:20