U.S. economy lost 23,000 jobs in July, a sudden reversal
In yet another troubling sign for the labor market, the Bureau of Labor Statistics said that it revised down the prior two months by a combined 103,000. May’s jobs total was cut by 66,000 to 129,000 total jobs added, while June’s total was lowered by 37,000 to a total gain of 57,000.The hiring data comes against a complicated economic backdrop. The U.S. war with Iran continues without any kind of agreement to fully reopen the Strait of Hormuz.
- ▪In yet another troubling sign for the labor market, the Bureau of Labor Statistics said that it revised down the prior two months by a combined 103,000.
- ▪May’s jobs total was cut by 66,000 to 129,000 total jobs added, while June’s total was lowered by 37,000 to a total gain of 57,000.The hiring data comes against a complicated economic backdrop.
- ▪The U.S. war with Iran continues without any kind of agreement to fully reopen the Strait of Hormuz.
2 outlets in our directory ran this story, first to last over 1 hour. All of the coverage we found sits in one bucket: lean left. That one-sidedness is itself worth noticing.
- ▪ The economy shed 23,000 jobs in July as labor market weakened — Washington Post — Business
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| Original publisher | NBC News |
| Canonical URL | https://www.nbcnews.com/business/economy/july-2026-jobs-report-rcna591138 |
| Publication time | Fri, 07 Aug 2026 12:42:58 +0000 |
| Retrieval time | 2026-08-07T13:30:45.997Z |
| Last seen | 2026-08-07T13:30:45.997Z |
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| Cluster | zmiFGPi3Ek9N · 2 stories |
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Opening excerpt (first ~120 words) tap to expand
EconomyJob losses in July and negative revisions reveal a weakening U.S. labor marketIn a troubling sign for the economy, the Bureau of Labor Statistics said that it revised down the prior two months’ jobs by a combined 103,000.Listen to this article with a free profile00:0000:00Add NBC News to GoogleU.S. economy lost 23,000 jobs in July03:18Get more newsLiveonShareAdd NBC News to GoogleAug. 7, 2026, 5:30 AM EDT / Updated Aug. 7, 2026, 9:04 AM EDTBy Steve KopackThe U.S. economy shed 23,000 jobs in July, a sign that the labor market had not stabilized after four months of positive growth.The unemployment rate ticked down only slightly to 4.1%.Economists surveyed by Dow Jones were expecting the release to show 83,000 added roles, more than June’s 57,000.
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