8 Aug11:06
8 Aug 11:06 · Our coverage
The job market is cooling and the Fed is still debating a riseFed officials spent the week arguing for higher rates, with inflation running at 3.7 percent.
OngoingBusiness
US payrolls fell 23,000 in July as revisions erased 103,000 jobs
Where this stands · 10 August 2026, 17:02 EDT
The July jobs report, released August 8, showed payrolls fell by 23,000 after revisions erased 103,000 jobs. The unemployment rate edged down to 4.1 percent, and the share of adults in the labor force fell again. Fed officials spent the week arguing for higher rates, with inflation running at 3.7 percent. The rate decision remains unresolved as officials continue to debate a rise.