Payrolls dropped 23,000 in July against expectations of an 80,000 gain.
June revised down to 20,000 and May cut by 66,000.
Unemployment rate fell to 4.1 percent.
Labor force participation sank to 61.4 percent, lowest in over five years.
Average hourly earnings rose just 2 cents.
Local government education lost 50,000 jobs and retail lost 19,000.
https://www.cnbc.com/2026/08/07/jobs-report-july-2026.html
The jobs numbers have been inconsistent for 2 years now. https://t.co/SNrZWN7OZ0
— QE Infinity (@StealthQE4) August 7, 2026
Employment Situation Summary for July 2026
https://www.bls.gov/news.release/empsit.nr0.htm
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