U.S. nonfarm payrolls unexpectedly fell by 23,000 in July, far below market expectations.
According to the economist consensus surveyed by Dow Jones, the market originally expected:
Nonfarm payrolls in July to increase by 83,000;
The unemployment rate to remain unchanged at 4.2%.
But the actual data showed that the U.S. not only failed to add jobs, but instead netted a loss of 23,000 jobs—significantly below expectations.
According to the economist consensus surveyed by Dow Jones, the market originally expected:
Nonfarm payrolls in July to increase by 83,000;
The unemployment rate to remain unchanged at 4.2%.
But the actual data showed that the U.S. not only failed to add jobs, but instead netted a loss of 23,000 jobs—significantly below expectations.