Author: Al Jazeera Staff
Published on: 07/08/2026 | 00:00:00
AI Summary:
Labor market lost 23,000 jobs in July, with major declines across several sectors, including education, government and retail trade. On Friday, the Bureau of Labor Statistics released its latest jobs report. Recommended Stories list of 4 items list 1 of 4Trump administration refunds $100bn in tariffs struck down by Supreme Court list 2 of 4US ends cap on local TV station owners. June’s jobs numbers were also revised in the latest report, with the month now showing a downwardly revised gain of 20,000 jobs. The latest jobs report comes amid a so-called “low-hire, low-fire” environment. Job openings dropped slightly from 7.5 million to 7.4 million in May, while hiring remained unchanged at 5.3 million, according to the Bureau of Labor Statistics report. CME’s FedWatch tool forecasts a 56 percent chance that rates will remain unchanged. Last month, the Federal Reserve maintained its benchmark interest rate at 3.50 to 3.75 percent. The Nasdaq is up 0.9 percent, while the S&P 500 is 0.5 percent higher.
Original: 682 words
Summary: 164 words
Percent reduction: 75.95%
I'm a bot and I'm open source