New York Times economics reporter Ben Casselman says July saw employer job cuts and May–June payrolls were revised down. The earlier hiring surge this year appears to have largely evaporated; the three-month average payroll gain is just 20,000 jobs per month.

2026-08-07

New York Times economics reporter Ben Casselman says July saw employer job cuts and May–June payrolls were revised down. The earlier hiring surge this year appears to have largely evaporated; the three-month average payroll gain is just 20,000 jobs per month.