US job market stalled in July as employers cut 23,000 jobs
- 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 decrease in labor force participation.
- Local public schools cut 50,000 jobs, while restaurants and bars cut 26,000 jobs.
- Average hourly pay increased by only 3.2% from July 2025, the smallest year-over-year increase since May 2021.
The U.S. job market unexpectedly stalled in July as employers cut 23,000 jobs, marking a political setback for President Trump ahead of the midterm elections. Labor Department revisions also slashed 103,000 jobs from payrolls in May and June. Although the unemployment rate dipped to 4.1%, this decline was largely due to a significant number of Americans leaving the labor market, resulting in fewer individuals competing for jobs.
The job losses were particularly pronounced in local public schools, which cut 50,000 jobs, followed by restaurants and bars with a reduction of 26,000 jobs. Despite these cuts, there was a slight increase in manufacturing jobs, with 22,000 new positions added in construction and 5,000 in factories. However, overall employment for native-born Americans reportedly dropped by 720,000 over the past year, undermining previous claims of job growth benefiting this demographic.
The Federal Reserve is facing challenges in determining whether to raise interest rates to combat inflation, especially in light of the soft job market data. The modest wage gains, with average hourly pay rising by only 3.2% from the previous year, further complicate the economic outlook for American families, who are dealing with rising living costs.
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，雇主裁减了23,000个职位，这对特朗普总统在中期选举前构成了政治打击。劳工部的修订数据还将5月和6月的就业人数减少了103,000个。尽管失业率降至4.1%，但这一降幅主要是由于大量美国人退出劳动力市场，导致竞争工作的人数减少。
职位损失在地方公立学校尤为明显，裁减了50,000个职位，餐馆和酒吧减少了26,000个职位。尽管如此，制造业职位略有增加，建筑行业新增22,000个职位，工厂增加了5,000个职位。然而，过去一年内，土生土长美国人的就业人数 reportedly减少了720,000个，这削弱了之前关于这一人群就业增长的说法。
美联储在决定是否提高利率以应对通货膨胀方面面临挑战，尤其是在就业市场数据疲软的情况下。平均时薪仅较去年增长3.2%，进一步复杂化了美国家庭的经济前景，他们正面临生活成本上升的压力。