3 weeks ago
US loses 23,000 jobs as labour market slowdown deepens
In the United States, many grown-ups have jobs, and some run businesses.
In July 2026, the country lost 23,000 jobs.
That means fewer people had work than before, which is the opposite of what experts expected.
Experts thought businesses would add 83,000 new jobs, but instead jobs went away.
Even in May and June, more than 100,000 jobs had already disappeared.
The unemployment rate stayed about the same at 4.1 per cent, but that is partly because 720,000 people stopped looking for work.
Schools and shops lost the most workers.
Hospitals and health companies hired more people.
Experts say employers are not firing many workers, but they are also not hiring many new ones.
This makes the job market feel stuck.
The US economy lost 23,000 jobs in July 2026, missing the projection of adding 83,000 new jobs.
Bureau of Labour Statistics data shows 103,000 job losses across May and June, indicating the slowdown predates July.
The unemployment rate held steady at 4.1 per cent, down from 4.2 per cent in June, as 720,000 people left the workforce.
July job losses were concentrated in local government education (50,000 jobs) and retail (19,000 jobs).
The private sector gained 30,000 jobs, with growth focused once again in healthcare.
- Who
- US workers and employers; data compiled by the Bureau of Labour Statistics.
- What
- The US economy lost 23,000 jobs in July 2026, missing the forecast of 83,000 new jobs.
- Where
- United States
- When
- July 2026, with May and June 2026 data also cited.
- Why
- A deepening labour market slowdown, described by analysts as showing a stagflationary pattern with consumers pessimistic and lagging indicators turning negative.
Key facts
- Net job change (July 2026)
- -23,000
- Projected job change
- +83,000
- May-June combined job losses
- 103,000
- Unemployment rate
- 4.1% (down from 4.2% in June)
- Workers leaving the labour force
- 720,000
- Local government education losses
- 50,000
- Retail losses
- 19,000
- Private sector gains
- 30,000
Quotes
Market experts
Industry analysts describing current labour market conditions
“"no hire, no fire" labour market”
wionews.com
“"Bear Steepener"”
wionews.com








