U.S. Payrolls Fall 23,000 in July as Prior Job Gains Revised Down by 103,000

U.S. nonfarm payrolls fell by 23,000 in July, while the unemployment rate was little changed at 4.1%, according to new Bureau of Labor Statistics data. The decline followed substantial downward revisions to previous months, with May and June payroll growth reduced by a combined 103,000 jobs. Average hourly earnings rose 3.2% from a year earlier.

• July payrolls declined by 23,000, compared with an average monthly gain of 34,000 over the prior 12 months.
• May payroll growth was revised from 129,000 to 63,000, while June was revised from 57,000 to 20,000.
• Local government education lost 50,000 jobs and retail trade lost 19,000, while health care added 22,000.
• Financial activities employment fell 14,000 and is down 121,000 from its May 2025 peak.
• Labor force participation was 61.4%, down 0.7 percentage point since January.
• Average hourly earnings were $37.62, up 3.2% year over year, while the average workweek remained 34.3 hours.

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Editor’s Note: This is a developing story. This article may be updated as more details become available.