US Likely Added Nearly 100,000 Jobs in July, but Market Is Still Tough for Young and Unemployed
Economists expect about 98,000 jobs added and unemployment to hold at 4.2%, signaling a labor market that is steady but slowing.
- The Labor Department releases July employment numbers on Friday, expected to show companies added nearly 98,000 jobs, with the unemployment rate anticipated to remain at 4.2%.
- Employers added an average 92,000 jobs monthly in 2026, reflecting a 'no hire, no fire' stance after 2025 saw only 584,000 jobs added across the entire year.
- June saw 720,000 people exit the labor force, with 97% of those aged 25 to 34, while job changers secured a 7% wage raise, the biggest year-over-year gain in nearly a year.
- A controversy erupted Thursday when the White House acknowledged an 'inadvertent public disclosure' of economic data before Friday's official release, prompting Federal Reserve officials to evaluate the figures.
- Fed Chair Jerome Powell indicated officials will proceed cautiously as persistent inflation remains above the 2% target, though economists describe the current employment situation as 'relatively steady.
23 Articles
23 Articles
US job growth likely picked up in July; unemployment rate forecast unchanged at 4.2%
By Lucia Mutikani WASHINGTON, Aug 7 (Reuters) - U.S. job growth likely picked up in July, offering reassurance that the labor market remained resilient and allowing the Federal Reserve to maintain its focus on inflation. The Labor Department's closely ...
Associated Press News
US likely added nearly 100,000 jobs in July, but market is still tough for young and unemployed
On the face of it, the U.S. job market has looked pretty stable this year. Hiring has been solid – if not exactly spectacular – after a lackluster 2025.
US adds 272,000 jobs as labor market holds unexpectedly strong
The US economy generated 272,000 jobs during May, according to data released Friday by the Bureau of Labor Statistics. The figure substantially surpassed the 190,000 positions economists had anticipated and represented growth from April’s revised total of 165,000 jobs. However, the broader employment picture presented mixed signals, as the unemployment rate climbed to 4% from 3.9% the previous month, marking the first time at that level since Ja…
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