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Economy

U.S. Economy Lost 23,000 Jobs in July, Rattling Markets and Rate Expectations

via Bureau of Labor Statistics

The U.S. economy shed 23,000 nonfarm payroll jobs in July 2026 — far below the 83,000 gain economists had projected — marking a sudden reversal from June's revised 20,000-job gain. The unemployment rate edged down to 4.1%, but the labor force participation rate dropped to 61.4%, the lowest level in over five years.