Surprise fall in US jobs last month as slow summer continues
It's a big call in September."Related topicsUnited StatesEmploymentUS economy
- ▪It's a big call in September."Related topicsUnited StatesEmploymentUS economy
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| Original publisher | BBC News — Business |
| Canonical URL | https://www.bbc.co.uk/news/articles/c20j5rle717o?at_medium=RSS&at_campaign=rss |
| Publication time | Fri, 07 Aug 2026 13:14:14 GMT |
| Retrieval time | 2026-08-07T13:25:41.941Z |
| Last seen | 2026-08-07T13:25:41.941Z |
| Headline source | Publisher (no WeSearch rewrite) |
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| Cluster | UheIfi-dYXL2 · 1 stories |
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| Publisher visit | Yes — open original |
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Surprise fall in US jobs last month as slow summer continuesImage source, Getty ImagesByMichael RaceBusiness reporter, Reporting fromNew YorkPublished7 August 2026, 13:44 BSTUpdated 11 minutes agoThe US economy is creating fewer jobs than expected with the employment market performing weaker during the summer than previously thought, official figures show.There was a surprise shedding of 23,000 jobs last month, with declines driven by cuts in local government education and retail roles, despite analysts predicting growth.The Bureau of Labor Statistics also revised down the number of jobs added in May and June by 103,000, signalling a slow summer of job creation.The latest figures raise questions over what the US central bank, the Federal Reserve, will decide to do with interest rates next…
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