U.S. Payrolls Fell by 23,000 in July, Signaling a Stall in the Labor Market
A new federal employment report showed an unexpected decline in U.S. nonfarm payrolls in July, complicating the Federal Reserve’s choices as inflation remains elevated.
Business & Economy
Jobs, labor, companies, prices, investment, markets, trade, agriculture, energy, and consumer economics.
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Tallahassee to Score Bids for ‘Magnetics Capital’ Campaign
Tallahassee has scheduled an Aug. 6 public scoring meeting for a marketing contract aimed at promoting the city as the “Magnetics Capital of the World.”
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McKinney Announces $919 Million LITEON Investment and 600 Jobs
McKinney says LITEON will invest $919 million and create more than 600 jobs, though the city has not released the facility site or construction schedule.
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Maryland awards $80,000 to continue Finksburg facade-improvement program
The Maryland Board of Public Works approved an $80,000 award to Carroll County commissioners to continue the Finksburg Facade Improvement Program.
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Green residents, small businesses enter new NOPEC electric-aggregation cycle
Eligible Green residents and small businesses were slated to receive enrollment letters for a NOPEC electric-aggregation term beginning in June 2026, but the city notice does not list rates, savings or an opt-out deadline.
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Portsmouth-area former uranium site targeted for 10-gigawatt data center and gas-power project
Federal officials announced a planned data-center and gas-power development near Piketon that could bring major regional investment, but the project remains proposed and is outside Portsmouth city limits.
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CFPB Updates National Consumer-Credit Dashboards With July 2026 Data
The Consumer Financial Protection Bureau updated its Consumer Credit Trends dashboards on July 22, providing a new national reference point for mortgage, credit-card and other household-credit markets.
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U.S. employers unexpectedly cut 23,000 jobs in July as labor-market momentum weakens
U.S. payrolls fell by 23,000 in July, while revisions erased 103,000 jobs from earlier reports and complicated the Federal Reserve’s rate outlook.
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Foley industrial site backed by nearly $3.33 million grant
Foley has received nearly $3.33 million in grant support for industrial-site development, but the available reporting does not identify the site’s acreage, employers, job count or construction schedule.
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Construction begins on 54,000-square-foot industrial project in Piscataway
Levin Management Corp. has begun construction on an approximately 54,000-square-foot industrial project in Piscataway. The tenant, job count, cost and completion date have not been disclosed in the approved reporting.
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Lone Sky 3 industrial project rises in Prescott Valley
A 62,800-square-foot flex-industrial project is under vertical development at 9200 E. Florentine Road, with 10 planned suites.
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Normal Electric Aggregation Sets Rates Through August 2027
Normal electric-aggregation participants have a 14-month steady-rate period, covering meter reads from June 2026 through August 2027.
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Weidmann Plans $155 Million Expansion in Middletown
Weidmann Electrical Technology says it will invest $155 million in a new Middletown facility, but key details such as jobs and timing remain unknown.
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European Commission launches Digital Product Passport portal as EU product rules advance
A new European Commission portal explains how product information will be disclosed across the life cycle, beginning with selected battery categories and expanding by sector.
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OPEC+ Approves 188,000-Barrel-Per-Day September Increase as Seven Producers Roll Back Voluntary Cuts
Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman approved an additional September production adjustment after reviewing global oil-market conditions.
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JBS plans U.S. domestic-company SEC reporting ahead of Aug. 10 earnings release
JBS N.V. says it will voluntarily shift to U.S. domestic-company reporting, starting with its Form 10-Q for the quarter ended June 30, 2026.
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CBP Posts Import Document Tied to 2026 Semiconductor and Trade Measures
U.S. Customs and Border Protection has posted a Federal Register document addressing imports of wood products and semiconductor-related trade measures, while invoking an exception that allows action without notice and comment.
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U.S. Retail and Food-Service Sales Rose 6.7% in June, Census Says
Advance Census Bureau data put June retail and food-service sales at $768.6 billion, with year-over-year growth but only a modest monthly increase within the margin of error.
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July unemployment held near 4.1% as participation remained at 61.4%
The Bureau of Labor Statistics published its July 2026 Employment Situation on August 7, releasing updated federal measures on employment, unemployment and labor-force conditions.
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Treasury and IRS prepare regulations for $1 million compensation tax at nonprofits
Treasury and the IRS say they intend to propose regulations for a new excise tax involving compensation above $1 million and excess parachute payments at tax-exempt organizations.
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July payrolls fell 23,000 as May and June gains were cut by 103,000
A federal employment report released Aug. 7 shows a weaker U.S. labor market than earlier data suggested, with payroll employment falling by 23,000 in July and prior job gains revised lower.
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U.S. Restaurants Lost 32,900 Jobs in June as Industry Outlook Cools
Eating and drinking places recorded a preliminary, seasonally adjusted loss of 32,900 jobs in June, while the National Restaurant Association lowered its 2026 sales-growth forecast.