Macro Finance
US Employers Cut Jobs, Unemployment Rate Falls
Bloomberg Markets·August 7, 2026·1 min read
Nonfarm payrolls decreased 23,000 last month following a combined 103,000 downward revision to May and June figures, Bureau of Labor Statistics data showed Friday. The unemployment rate fell to 4.1% as labor force participation slid, and wage growth slowed. Economists Claudia Sahm and Constance Hunter react to the July jobs data.
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