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.
Federal Reserve
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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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BLS schedules July employment report for Aug. 7 release
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.
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July jobs report arrives as key test for the U.S. economy and Fed outlook
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.
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New federal data show child care and multigenerational caregiving remain major household pressures
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.
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Fed says tariffs, energy costs and AI investment pushed U.S. inflation higher
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.
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July jobs report becomes key test of a cooling U.S. labor market
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.
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July Inflation Report Set for Aug. 12 After June Consumer Prices Fell 0.4%
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.
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30-year mortgage rate rose to 6.69%, highest level in more than a year
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.
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U.S. jobs report due Friday as markets and policymakers await fresh test of labor-market strength
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.
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U.S. labor productivity rose 1.4% in the second quarter as unit labor costs increased 1.3%
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.
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Household debt grew 2.6% as CFPB dashboards showed stronger mortgage and card originations
New federal dashboards show recent changes in credit-card originations and inquiries as Federal Reserve data show household debt rose in early 2026.
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Fed proposes higher thresholds for bank insider loans
The Federal Reserve would update Regulation O and raise several insider-loan thresholds, but the proposal is not final. Comments are due October 5, 2026.
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July CPI report due Aug. 12 after June energy-driven decline
The July CPI report is due Aug. 12. June prices fell as energy costs dropped, but food, shelter and underlying costs remain key household concerns.
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Fed says credit-card balances are rising as borrowing costs stay high
Federal Reserve data show credit-card and auto-loan balances are picking up, while high interest rates and delinquency risks weigh more heavily on vulnerable households.
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Credit-card borrowing slowed in May as U.S. debt stayed high
Federal Reserve data show revolving credit contracted in May, while credit-card balances remained high and borrowing costs continued to pressure households.
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Federal Reserve survey highlights payment-scam recovery gap
A Federal Reserve survey estimates $56 billion in 2025 net losses from non-credit-card fraud and shows worse recovery outcomes for some payment methods.
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Federal Reserve watchdog finds gaps in insider-risk controls
A Federal Reserve watchdog found major gaps in controls protecting sensitive economic information as a former adviser was sentenced in a related case.
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Supreme Court Broadens Firing Power but Preserves Fed Distinction
The Supreme Court expanded presidential control over agencies while allowing Fed Governor Lisa Cook to remain in office during litigation.
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Three Fed dissents make near-term rate relief less certain
The Fed held rates at 3.5% to 3.75% on July 29, but three officials favored a hike, complicating the outlook for borrowers before September.
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U.S. Economy Grew 1.5% in Second Quarter as Inflation Stayed High
The U.S. economy continued growing in the second quarter, but slower headline growth and elevated inflation could keep pressure on household budgets and rates.
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U.S. 30-Year Mortgage Rate Rises to 6.66%, Highest in a Year
The average U.S. 30-year mortgage rate reached 6.66%, raising monthly borrowing costs for buyers while making refinancing harder to justify.
