{
  "id": 265200,
  "title": "U.S. unexpectedly shed 23,000 jobs in July, putting Fed rate hikes in question",
  "url": "https://urgent.news/2026/08/07/u-s-unexpectedly-shed-23-000-jobs-in-july-putting-fed-rate-hikes-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-07T12:31:51.000Z",
  "source": {
    "name": "CoinDesk",
    "slug": "coindesk",
    "url": "https://www.coindesk.com/markets/2026/08/07/the-u-s-lost-23-000-jobs-in-july-far-shy-of-forecasts-for-a-gain-of-80-000"
  },
  "original_language": "en",
  "account": "In July, the U.S. labor market experienced a decline, shedding 23,000 jobs, according to the government’s Nonfarm Payrolls Report. This was below expectations of an 80,000 job gain and marked a drop from June's 20,000 addition. May's job gains were also revised lower, from 129,000 to 63,000. The unemployment rate fell to 4.1%, lower than the anticipated 4.2%. This unexpected job loss has prompted market reactions, with U.S. stock index futures gaining and interest rates decreasing. Precious metals, such as gold and silver, also rose, with gold increasing by 3% and silver nearing a 6% increase. Bitcoin remained modestly higher on the session at $65,000. However, average hourly earnings fell short of forecasts, rising only 0.1% in July, compared to the expected 0.3% and 0.3% in June. Year-over-year, earnings grew by 3.2%, less than the expected 3.5% and 3.4% in June. Economist Joe Brusuelas of RSM suggested that the Fed may ignore the report due to a seasonal adjustment quirk linked to the World Cup. He believes investors will focus on the July CPI report next week. Prior to the report, markets were divided on whether the Fed would raise rates at its September policy meeting. The FedWatch number has since dropped to 46%, down from the previous 55% chance of a rate hike.",
  "summary": "The chances of a Federal Reserve rate hike at its next meeting in September have slipped below 50% in the aftermath of the report.",
  "key_points": [
    "U.S. economy shed 23,000 jobs in July, below expectations",
    "Fed rate hike speculation questioned by unexpected job loss",
    "Precious metals rise, Bitcoin modestly higher on session"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "WSJ Economy",
        "title": "U.S. lost 23,000 jobs in July, while unemployment ticked lower",
        "url": "https://urgent.news/2026/08/07/u-s-lost-23-000-jobs-in-july-while-unemployment-ticked-lower",
        "published": "2026-08-07T12:55:00.000Z"
      },
      {
        "outlet": "Financial Post",
        "title": "U.S. employers unexpectedly shed jobs as unemployment rate falls",
        "url": "https://urgent.news/2026/08/07/u-s-employers-unexpectedly-shed-jobs-as-unemployment-rate-falls",
        "published": "2026-08-07T15:00:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}