MacroAug 7, 2026, 12:34 PM

US Nonfarm Payrolls Unexpectedly Drop 23K in July, Missing Forecasts

American employers shed 23,000 jobs in July, far below the forecasted 80,000 gain, signaling a sharp slowdown in the labor market.

The U.S. Bureau of Labor Statistics reported on Friday that nonfarm payrolls fell by 23,000 in July, following a revised increase of just 20,000 in June (originally reported as 57,000). The result missed the consensus estimate of an 80,000 gain by a wide margin.

The disappointing data suggests the labor market is losing momentum, potentially weighing on the U.S. dollar and fueling speculation about Federal Reserve policy easing.

Source: FXStreet Forex News

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