US job market stalled in July as employers cut 23,000 jobs, delivering political setback to Trump
- U.S. employers cut 23,000 jobs in July, unexpectedly stalling 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 people 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 only 3.2% year-over-year, the smallest gain since May 2021.
The U.S. job market unexpectedly stalled in July as employers cut 23,000 jobs, marking a significant setback for President Trump ahead of the midterm elections. Labor Department revisions also indicated a decrease of 103,000 jobs in payrolls for May and June. The unemployment rate fell to 4.1%, but this was primarily due to a large number of Americans exiting the labor market, with 264,000 people dropping out last month.
Job losses were particularly pronounced in local public schools, which cut 50,000 jobs, while restaurants and bars reduced their workforce by 26,000. Despite these losses, there were gains in construction and manufacturing, with 22,000 and 5,000 new jobs created, respectively. However, the overall report raised concerns about the health of the job market and its implications for the Federal Reserve's interest rate decisions.
Average hourly pay saw modest growth, increasing by only 3.2% from July 2025, the smallest year-over-year increase since May 2021. This stagnation in wage growth occurs amid rising living costs, further complicating the economic landscape for American families.
美国就业市场在7月停滞，雇主裁员23,000人，给特朗普带来政治打击
美国就业市场在7月意外停滞，雇主裁员23,000人，这对特朗普总统在中期选举前造成了重大打击。劳动部的修订数据显示，5月和6月的就业人数也减少了103,000。失业率降至4.1%，但这主要是由于大量美国人退出劳动市场，上个月有264,000人退出。
地方公立学校的裁员尤为明显，裁减了50,000个职位，而餐饮业则减少了26,000个职位。尽管有这些损失，建筑和制造业却分别新增了22,000和5,000个职位。然而，整体报告引发了对就业市场健康状况的担忧，并对联邦储备委员会的利率决策产生了影响。
平均时薪的增长也相对温和，同比仅增长3.2%，为2021年5月以来的最低增幅。这一工资增长的停滞发生在生活成本上升的背景下，进一步复杂化了美国家庭的经济形势。