US employers unexpectedly cut 23,000 jobs; mortgage rates rise again
- US employers cut 23,000 jobs last month, marking a sharp reversal in the labor market.
- Labor Department revisions reduced job counts by 103,000 for May and June.
- The unemployment rate fell to 4.1% as 264,000 people left the job market.
- Local public schools cut 50,000 jobs, while restaurants and bars cut 26,000 jobs.
- The average long-term mortgage rate rose to 6.69%, the highest in over a year.
US employers unexpectedly cut 23,000 jobs last month, and Labor Department revisions shaved 103,000 jobs off payrolls in May and June. The unemployment rate dipped to 4.1% only because Americans left the job market, marking a sharp reversal for the American labor market.
Local public schools cut 50,000 jobs in July, while restaurants and bars cut 26,000 jobs. The share of those working or looking for work fell to 61.4%, the lowest since February 2021.
Additionally, the average long-term U.S. mortgage rate rose for a fifth consecutive week to 6.69%, the highest level in just over a year. This increase in borrowing costs is likely to further limit homebuyers' purchasing power and could lead to a delay in home purchases, contributing to sluggish home sales this year.
美国雇主意外裁减23,000个职位；抵押贷款利率再次上升
美国雇主上个月意外裁减了23,000个职位，劳动部的修订将5月和6月的职位数削减了103,000个。失业率降至4.1%，仅仅是因为美国人退出了劳动力市场，这标志着美国劳动市场的急剧逆转。
地方公立学校在7月裁减了50,000个职位，而餐馆和酒吧裁减了26,000个职位。正在工作或寻找工作的人的比例降至61.4%，为2021年2月以来的最低水平。
此外，美国长期抵押贷款平均利率连续第五周上升，达到6.69%，为一年多以来的最高水平。这一借贷成本的上升可能进一步限制购房者的购买力，并可能导致购房延迟，从而加剧今年的房屋销售疲软。