US job market stalled in July as employers cut 23,000 jobs
- U.S. employers cut 23,000 jobs in July, marking an unexpected stall in the job market.
- Labor Department revisions reduced payrolls by 103,000 jobs for May and June.
- The unemployment rate fell to 4.1% due to a significant number of Americans leaving the labor market.
- Local public schools cut 50,000 jobs, while restaurants and bars cut 26,000 jobs in July.
- Average hourly pay increased by 3.2% from July 2025, the smallest year-over-year gain since May 2021.
The U.S. job market stalled unexpectedly in July, delivering a political blow to President Donald Trump three months ahead of midterm elections. Employers cut 23,000 jobs in July, and Labor Department revisions slashed 103,000 jobs from May and June payrolls.
The unemployment rate fell to 4.1%, but this decrease was misleading as it was primarily due to thousands of people dropping out of the labor market. Local public schools cut 50,000 jobs, while restaurants and bars cut 26,000 jobs, contributing to the overall decline in employment.
Average hourly pay saw a modest increase of 3.2% from July 2025, marking the smallest year-over-year gain since May 2021. This report raises concerns about the health of the job market and its implications for Federal Reserve policy regarding interest rates.
美国就业市场在7月停滞，雇主裁减23,000个职位
美国就业市场在7月意外停滞，这对唐纳德·特朗普总统在中期选举前的政治形势造成了打击。雇主在7月裁减了23,000个职位，劳工部的修订将5月和6月的就业人数减少了103,000个。
失业率降至4.1%，但这一降幅具有误导性，主要是由于大量人退出了劳动力市场。地方公立学校裁减了50,000个职位，餐饮业裁减了26,000个职位，导致整体就业下降。
平均时薪较2025年7月增长了3.2%，是自2021年5月以来最小的年增幅。这份报告引发了对就业市场健康状况的担忧，并对美联储的利率政策产生了影响。