Daily Market Updates: US payrolls fall in July as unemployment rate drops to 4.1%

Forex

Home›Forex›Major Pairs›US payrolls fall in July as unemployment rate drops to…

US payrolls fall in July as unemployment rate drops to 4.1%

Nonfarm payrolls declined by 23k in July, while the prior two months were revised lower by a total of 103k.

Reported · Written up by our desk · Major Pairs

Nonfarm payrolls declined by 23k in July, coming in well below the Bloomberg consensus forecast for a gain of 80k, according to Action Forex.

The unemployment rate fell to 4.1%, while revisions to the prior two months pushed the three-month average for payroll growth down to 20k from 77k in June.

Government hiring contracted by 53k in July, with the report noting the decline was largely driven by reductions in government employment.

← Newer storyTokenized RWA deposits on DeFi surge to $7.4B as spot volumes fall Older story →US labor market weakens as July job losses surprise forecasts

More like this

ForexNZD/USD rises as weaker US jobs data dents USD outlook

ForexAustralian dollar hits near two-month high after US payrolls disappoint

ForexNY Fed survey shows short-term inflation expectations easing

ForexDollar steadies after July payroll miss as CPI nears

ForexSwiss franc strengthens against dollar after weak US payrolls

Sources

Action ForexUS: Payrolls Disappoint in July, But the Unemployment Rate Falls to 4.1%

Forex

US payrolls fall in July as unemployment rate drops to 4.1%

More like this

Sources

Get the close, explained.