Non-farm payrolls report a major disappointment! The World Cup hiring boom subsided, with an unexpected decrease in employment in July. Both the labor force participation rate and the unemployment rate declined, likely dashing market expectations for

2026-08-07

Non-farm payrolls report a major disappointment! The World Cup hiring boom subsided, with an unexpected decrease in employment in July. Both the labor force participation rate and the unemployment rate declined, likely dashing market expectations for a Fed rate hike once again… A chart to understand the US non-farm payrolls report.