US economy lost 23k jobs in July; unemployment rate 4.1%
The Bureau of Labor Statistics' Employment Situation report showed nonfarm payrolls fell by 23,000 in July 2026 and the unemployment rate was 4.1%. Average hourly earnings rose 0.1% on the month.
- Nonfarm payrolls −23k in July (seasonally adjusted, thousands of jobs)
- Unemployment rate 4.1% (from 4.2%)
- Average hourly earnings +0.1% on the month, +3.2% on the year
- June revised to +20k from +57k
SPX around the story · hourly24 h reaction ▼ 0.01%
Moves this explains
XAU+2.24%Aug 6 · Gold rose 2.24% on the day the July jobs report showed the US economy lost 23,000 jobs, with the unemployment rate at 4.1%. A labor-market contraction reduces the odds of Fed tightening, which supports gold.COIN+5.30%Aug 6 · Weak US jobs data: July nonfarm payrolls fell by 23,000 and the unemployment rate was 4.1%, released at 12:30 UTC, which cut expectations of Fed rate hikes. The same day gold rose 2.24%, silver 3.55% and SPX 0.45%, with COIN +5.30% and BTC +0.91%. The metals and broad-market moves are consistent with the report; COIN's larger rise is not separately explained.Source
Bureau of Labor StatisticsAug 7, 2026, 8:30 AM ET