The latest employment report released on August 7, 2026, showed that nonfarm payroll employment shed 23,000 jobs in July. This decline was significantly lower than the projected addition of 85,000 jobs.
The unemployment rate ticked down to 4.1% in July, while the U6 unemployment rate dropped to 7.9%. The labor force participation rate stands at 61.4%, reaching its lowest level since early 2021.
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