July Jobs Miss: Payrolls Fall by 23,000 vs 80,000 Forecast
U.S. nonfarm payrolls fell by 23,000 jobs in July, while economists polled by Reuters had forecast an 80,000 gain.
What happened
U.S. nonfarm payrolls fell by 23,000 jobs in July, while economists polled by Reuters had forecast an 80,000 gain.
Why it matters
June payrolls were revised down to a 20,000 gain from a previously reported 57,000, while the jobless rate eased to 4.1% from 4.2%.
What to watch
Watch next week's inflation data release for the next read on the Fed policy debate.
Transcript
U.S. nonfarm payrolls fell by 23,000 jobs in July, while economists polled by Reuters had forecast an 80,000 gain. June payrolls were revised down to a 20,000 gain from a previously reported 57,000, while the jobless rate eased to 4.1% from 4.2%. Watch next week's inflation data release for the next read on the Fed policy debate. FreshInsight delivers source-grounded finance briefs for market professionals. Source: Reuters Not financial advice. For information and education only.
Primary sources
Reuters
Distribution
YouTube / 3RkqNoHRdhQ
Topics
labor-market, interest-rates, fed, federal-reserve, finance-shorts, inflation-data, us-economy, finance-news, jobs-report, nonfarm-payrolls
Disclaimer
Information and education only. Not financial advice.