US Economy Unexpectedly Loses 23,000 Jobs in July

By The Epoch Times | Created at 2026-08-07 13:13:44 | Updated at 2026-08-09 05:19:52 1 day ago
US Economy Unexpectedly Loses 23,000 Jobs in July

Hiring announcement on a door at a restaurant in Vineland, N.J., on June 4, 2024. Madalina Vasiliu/The Epoch Times

The U.S. labor market stalled last month as the economy unexpectedly lost 23,000 jobs, new Bureau of Labor Statistics data show.

Economists had projected a gain of about 80,000 positions.

July’s unemployment rate fell to 4.1 percent, coming in below expectations.

This is a developing story. Please check back for further updates.

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