Financial News: U.S. Employment Rises Much Less Than Expected In

U.S. Employment Rises Much Less Than Expected In July

08/01/2025 - 08:38:00 (RTTNews)

(RTTNews) - Job growth in the U.S. fell well short of economist estimates in the month of July, according to a closely watched report released by the Labor Department on Friday.

The Labor Department said non-farm payroll employment rose by 73,000 jobs in July, while economists had expected employment to jump by 110,000 jobs.

The report also showed much larger than normal downward revisions to job growth in May and June, with employment in the two months increasing by a combined 258,000 fewer jobs than previously reported.

With the downward revisions, employment in May edged up by 19,000 jobs, while employment in June crept up by 14,000 jobs.

The Labor Department also said the unemployment rate inched up to 4.2 percent in July from 4.1 percent in June, with the uptick matching expectations.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

UK Job Placements Decline Sharply On Weaker Confidence & Budget Pressures (01 hr(s), 13 min(s), 24 sec(s) ago)
(RTTNews) - UK job placements logged a steep decline in July due to weaker confidence around the e ...Full Story»

Italy Inflation Confirmed At 1.7% (01 hr(s), 50 min(s), 24 sec(s) ago)
(RTTNews) - Italy's consumer price inflation held steady as initially estimated in July, the l ...Full Story»

Turkey Industrial Output Grows Most In 16 Months (02 hr(s), 06 min(s), 24 sec(s) ago)
(RTTNews) - Turkish industrial production logged its fastest growth in nearly one-and-a-half years ...Full Story»

Romanian Trade Deficit Narrows In June (02 hr(s), 51 min(s), 24 sec(s) ago)
(RTTNews) - Romania's foreign trade deficit decreased in June from a year ago as exports grew ...Full Story»

Norway Inflation Rises To 5-month High; Producer Prices Fall Further (03 hr(s), 15 min(s), 24 sec(s) ago)
(RTTNews) - Norway's consumer price inflation accelerated in July to the highest level in five ...Full Story»

Estonia Trade Gap Narrows In June (03 hr(s), 50 min(s), 24 sec(s) ago)
(RTTNews) - Estonia's foreign trade deficit decreased somewhat in June from a year ago, as exp ...Full Story»

Indonesia Retail Sales Data Due On Monday (13 min(s), 36 sec(s) ago)
(RTTNews) - Indonesia will on Monday release July figures for retail sales, highlighting a light d ...Full Story»

Iceland July Trade Deficit Widens (46 min(s), 36 sec(s) ago)
(RTTNews) - Iceland's merchandise trade deficit for July increased from a year ago as exports ...Full Story»