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U.S. Added Fewer-Than-Expected 114,000 Jobs, Unemployment Jumped

U.S. Added Fewer-Than-Expected 114,000 Jobs, Unemployment Jumped

Posted August 2, 2024 at 11:01 am

Nicholas Jasinski
Barron's

Follow live coverage and analysis of the July employment numbers today.

Hiring slowed for the third straight month in July.

Past performance is not indicative of future results

The Numbers


The Bureau of Labor Statistics released the July jobs report this morning.

Here are the key data points:

Payrolls: An increase of 114,000 vs. 175,000 expected in July.

Revisions: June’s gain was revised lower to 179,000 from 206,000; May’s gain was revised lower to 216,000 from 218,000.

Unemployment rate: 4.3%, up from 4.1% last month.

Market reactionStocks sank, Treasury yields fell on worries about an economic slowdown.

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