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US Employers Cut Jobs, Unemployment Rate Falls
Posted
August 7, 2026
Views
3,475
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August 7, 2026
3,475
51
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1.78%
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13:35Now PlayingNonfarm payrolls decreased 23,000 last month following a combined 103,000 downward revision to the May and June figures, Bureau of Labor Statistics data showed Friday.
The unemployment rate fell to 4.1% as labor force participation continued to slide, and wage growth slowed.
Claudia Sahm, Chief Economist at New Century Advisors and Constance Hunter, Chief Economist at EIU, react to July jobs data.
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