The Labor Market Is Weaker Than Previous Thought -- WSJ

Dow Jones2026/08/07 12:45

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By David Uberti

In addition to reporting a loss of 23,000 jobs across the economy in July, the Labor Department Friday cut its estimated hiring gains during the previous two months:

-- May: 63,000 jobs created, down from a previous estimate of 129,000.

-- June: 20,000 jobs gained, down from a previous estimate of 57,000.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

August 07, 2026 08:45 ET (12:45 GMT)

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