US July jobs report released with unexpected 23,000 job cuts

The US July jobs report was released on August 7, 2026, showing an unexpected decline of 23,000 jobs, with May and June payrolls revised down by a combined 103,000. The report was highly anticipated by markets, with forecasts expecting +83,000 jobs, and was seen as a key test for Fed Chairman Warsh's less-guidance stance.

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Jobs ReportFederal ReserveUS labor market

Sources

@blckchaindaily

🚨 US EMPLOYERS UNEXPECTEDLY CUT 23,000 JOBS IN JULY; MAY AND JUNE PAYROLLS REVISED DOWN BY COMBINED 103,000 $MACRO

@Reuters

Jobs report will offer fresh test of Fed Chairman Warsh's less-guidance stance https://t.co/XE6PGuYFnR https://t.co/XE6PGuYFnR

@Reuters

Jobs report will offer fresh test of Fed Chairman Warsh's less-guidance stance https://t.co/SACKQPJOhm https://t.co/SACKQPJOhm

@DeItaone

EY: FED LIKELY TO STAY ON HOLD THROUGH YEAR-END EY-Parthenon expects the Fed to keep interest rates unchanged through year-end, even after Friday's jobs report. Wall Street expects July payrolls to rise 83K, but EY says the labor market remains stable and is unlikely to shift

@sp3cul8r

Market is waiting for the Jobs report tomorrow. Forecast is +83k I’m going to guess +70k My reaction map looks something like this: >125k - bad for stocks. Rates higher. Most likely means a rate hike is coming. +75k to 110k - Goldilocks zone +25k to 75k - Bullish for

@2bitcrypto_YT

Markets finished Thursday with a warning: the inflation risk is returning before the jobs report. US stocks ended lower as the Dow fell 0.69%, the S&P 500 slipped 0.20% and the Nasdaq was almost flat. Europe’s STOXX 600 still reached a record, while Asian markets had already https://t.co/717RVATY9X

@InvestorJordan

🚨Today: is going to be VOLATILE. Jobs report lands this afternoon, and given how split the Fed already showed itself a couple weeks ago, this print is going to carry way more weight than a normal one, could genuinely go either way. Bitcoin seems to be holding up VERY well. We https://t.co/HMO4jAuEkU

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