Updated Aug 7, 2026, 12:41 p.m. Published Aug 7, 2026, 12:31 p.m.
1 min read
Summary
- The U.S. lost 23,000 jobs in July, while June’s originally reported 57,000 job gain was revised down to just 20,000.
- Forecasts had been for 80,000 jobs to have been added in July.
- Crypto markets are showing little reaction even as stock and bond markets gain on the news.
The U.S. labor market showed weakness for the second consecutive month in July, possibly giving the Federal Reserve room to hold rates in place despite high inflation.
According to the government’s Nonfarm Payrolls Report released Friday morning, the U.S. lost 23,000 jobs last month. That was far below the consensus expectation of a gain of 80,000 jobs, and down from June’s 20,000 (revised from an originally reported 57,000).
The last negative jobs print was in February, when the U.S. lost 156,000 jobs.
The unemployment rate dipped to 4.1%, compared with the expected 4.2% and June’s 4.2%.
Market reaction is swift, with U.S. stock index futures gaining and interest rates dipping. There’s little action in crypto, with bitcoin remaining modestly higher on the session at $65,000.
Ahead of this morning’s data, markets were split on whether the Fed would hike rates at its next policy meeting in September. According to CME FedWatch, interest rate traders were pricing in a 55% chance the U.S. central bank would tighten next month. In the immediate aftermath of the print, that number has slipped back to 46%.
Related Assets
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.