Sam's News — markets — 2026-08-07¶
TL;DR¶
Markets¶
US job market loses 23,000 jobs in July, stock market rallies on softer labor data¶
The US economy lost 23,000 jobs in July 2026, far below expectations, with heavy downward revisions to prior months easing pressure for Fed rate hikes and sending stock futures higher.
- July: -23,000 jobs vs expected +83,000 to +95,000
- May revised down 66,000 to +63,000; June down 37,000 to +20,000
- Unemployment rate fell to 4.1%, but labor force participation dropped to 61.4%, a 5+ year low
- Job losses: local govt education -50,000, leisure/hospitality -40,000, retail -19,000
- Average hourly earnings up just 3.2% annually
- Dow futures +165 pts (0.3%), S&P 500 futures +0.5%, Nasdaq 100 futures +1%
Sources: Quartz Research, Yahoo Finance Research, CNBC RSS, Fox Business RSS, Eurasia Business News RSS, Hacker News (front page) RSS