US Employers Shed 23K Jobs in July as Labor Market Tightens

NewsData.io · United States · Aug 12, 2026

U.S. employers lost 23,000 jobs in July, with prior months revised down by a combined 103,000, according to the Bureau of Labor Statistics. Moody's Analytics chief economist Mark Zandi described job growth as at 'a virtual standstill,' with notable declines in retail, gas stations, and finance. Small businesses reported a sharp jump in labor supply concerns, with 27% of NFIB members citing it as their top problem — up from 19% in June. Separately, ADP data showed job-changers' pay rising at the fastest pace in a year, signaling supply constraints in parts of the labor market.