Disappointing US jobs report
From
Joseph Pereira@1:124/5016 to
All on Sun Aug 3 07:52:40 2025
The July jobs report came in at 73,000 jobs (preliminary figure), while the market was expecting a gain of 100,000.
Even more striking, however, was the downward revision of the June and May figures. The preliminary jobs figure for June was 147,000 and was revised downward to 14,000 jobs. The May figure was also revised downward from 144,000 (preliminary figure) to just 19,000 jobs. These downward revisions, in particular, heavily pressured the stock market last Friday. Meanwhile, unemployment in the US has risen to 4.2%.
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