73 thousand Jobs, 4.2% Unemployment Fee

by Calculated Danger on 8/01/2025 08:30:00 AM

From the BLS: Employment State of affairs

Complete nonfarm payroll employment modified little in July (+73,000) and has proven little change
since April, the U.S. Bureau of Labor Statistics (BLS) reported immediately. The unemployment charge,
at 4.2 %, additionally modified little in July. Employment continued to pattern up in well being care
and in social help. Federal authorities continued to lose jobs.
…
Revisions for Could and June have been bigger than regular. The change in whole nonfarm payroll employment
for Could was revised down by 125,000, from +144,000 to +19,000, and the change for June was revised
down by 133,000, from +147,000 to +14,000. With these revisions, employment in Could and June
mixed is 258,000 decrease than beforehand reported.
emphasis added

Click on on graph for bigger picture.

The primary graph reveals the roles added per 30 days since January 2021.

The second graph reveals the year-over-year change in whole non-farm employment since 1968.

In July, the year-over-year change was 1.54 million jobs.  12 months-over-year employment development is slowing.

The third graph reveals the employment inhabitants ratio and the participation charge.

The Labor Drive Participation Fee decreased to 62.2% in July, from 62.3% in June. That is the share of the working age inhabitants within the labor pressure.

The Employment-Inhabitants ratio was decreased to 59.6% from 59.7% in June (blue line).

I will put up the 25 to 54 age group employment-population ratio graph later.

The fourth graph reveals the unemployment charge.

The unemployment charge was elevated to 4.2% in July from 4.1% in June.

This was under consensus expectations and Could and June payrolls have been revised down by 258,000 mixed.  

A weak report.

I will have extra later …