The Economy Shed 23,000 Jobs in July
August 7, 2026
With inflation outpacing wage growth, consumers are facing higher prices and have less buying power than they did a year ago.
With inflation outpacing wage growth, consumers are facing higher prices and have less buying power than they did a year ago.
The U.S. added just 57,000 jobs, according to figures released today, reflecting an “environment where many employers have simply stopped adding workers.”
“The jobs report and other recent data point to an economy on better footing than at the beginning of the year,” says economist Ian Wyatt.
With inflation outpacing wage growth, consumers are facing higher prices and have less buying power than they did a year ago.
The U.S. added just 57,000 jobs, according to figures released today, reflecting an “environment where many employers have simply stopped adding workers.”
“The jobs report and other recent data point to an economy on better footing than at the beginning of the year,” says economist Ian Wyatt.
