US economy sheds 23K jobs in July
The U.S. labor market experienced an unexpected decline in non-farm payrolls in July 2026, losing around 23,000 jobs compared to an expected increase of 83,000 jobs. This indicates a slowdown in the labor market amidst economic pressures resulting from the conflict with Iran. Nevertheless, the unemployment rate decreased to 4.1%, reaching its lowest level in over five years, while the labor force participation rate fell to 61.4%. The data confirm a continued loss of momentum in the job market, which could impact future monetary policy decisions and interest rates.
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