July Jobs Dip Signals Weaker Market | Charlottesville News

Job growth in the U.S. took a surprising hit in July, with employers losing 23,000 positions—far below expectations and signaling a weaker labor market than previously thought. Adjusted figures for May and June also show slower hiring, reversing recent momentum after steady gains of 157,000 in June and 138,000 in May. Economists are weighing whether fewer job seekers are driving down postings, while the Federal Reserve, having raised rates by 5.25% over 18 months to fight inflation, watches closely. Their next decision looms in September, as markets brace for what this data could mean for the economy’s direction. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7094dcce6fb85bf7