U.S. employers unexpectedly shed 23,000 jobs in July, a sharp deterioration that weakened the labor-market outlook and increased expectations that the Federal Reserve could wait before raising interest rates further.
Average long-term U.S. mortgage rates climbed for a fifth consecutive week, reaching their highest level in just over a year and adding pressure to homebuyers.
The Federal Reserve said U.S. inflation accelerated sharply through May, with energy prices up 24% and overall PCE inflation well above the central bank’s 2% objective.
The Federal Reserve’s July 2026 report to Congress said headline PCE inflation reached 4.1% through May, while energy prices rose 24% over the same period.
U.S. employers reported about 7.4 million open jobs in June, while hiring rose to roughly 5.2 million, according to new Bureau of Labor Statistics data.
U.S. employers cut 23,000 jobs in July, adding pressure for caution on interest rates while inflation remains elevated ahead of the next CPI report.
A new federal employment report showed an unexpected July job decline and the lowest labor-force participation rate since February 2021, adding pressure to the Federal Reserve’s policy outlook.
The U.S. economy expanded at a 1.5% annual rate in the second quarter as elevated inflation, fuel prices and borrowing costs continued to pressure households and businesses.
U.S. employers unexpectedly cut 23,000 jobs in July, sending stocks higher and Treasury yields lower as investors reassessed the Federal Reserve’s rate outlook.
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.
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.
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.
The Bureau of Labor Statistics will publish its July 2026 Employment Situation report at 8:30 a.m. Eastern on August 7, with a preliminary annual benchmark revision scheduled for August 28.
The Bureau of Labor Statistics scheduled the July 2026 Employment Situation for release at 8:30 a.m. Eastern on Aug. 7, with follow-up economic data and a benchmark revision due later in August.
Census and Federal Reserve analyses released in 2026 document the costs of paid child care and the growing prevalence of adults living with both a parent and an adult child.
The Federal Reserve’s July report to Congress said inflation rose notably in recent months, while the economy continued to expand and the labor market remained broadly stable.
The Bureau of Labor Statistics is scheduled to release its July employment report Aug. 7, with expectations for nearly 100,000 new jobs and continued difficulty for younger and unemployed workers.
The Bureau of Labor Statistics will release the July 2026 Consumer Price Index on Aug. 12. June headline prices fell monthly but remained 3.5% higher than a year earlier.
The average long-term U.S. mortgage rate rose for a fifth consecutive week on Aug. 6, adding to affordability pressure for prospective homebuyers as economic growth slows.
The Bureau of Labor Statistics will release its Employment Situation report for July 2026 at 8:30 a.m. Eastern time Friday, providing the latest national readings on employment, unemployment and wages.
The Bureau of Labor Statistics will release its preliminary second-quarter 2026 Productivity and Costs report on Aug. 6, offering a new measure of U.S. output, labor productivity and unit labor costs.
New federal dashboards show recent changes in credit-card originations and inquiries as Federal Reserve data show household debt rose in early 2026.
