Total non-farm payrolls declined by 131,000 in July, worse than a market consensus decline of 70,000. According to the Department of Labor Bureau of Labor Statistics (BLS), the firings of temporary workers after 2010 Census efforts edged up to 143,000 in July, declined from 225,000 Census layoffs a month earlier. The Automatic Data Processing (ADP) had estimated that nonfarm private sector employers added an estimated 42,000 jobs in July. TrimTabs Investment Research estimated official numbers would show the economy shed at least 5,000 jobs. Capital Economics, on the other hand, expected decline of 75,000 in all of July. The Census job eliminations continued to weigh, as expected, on weak private-sector job growth. Private-sector payrolls added 71,000 workers in July, less than the consensus of 100,000. The unemployment rate remained unchanged at 9.5%, better than an consensus 10 basis point increase to 9.6% The broader U-6 measure of both un- and under-employment rose to 16.8%, from 16.7% a month earlier, and is back to its year-ago level. Write to Diana Golobay.
U.S. Payrolls Shed More than Expected, Dropping 131,000 in July
Most Popular Articles
While many homebuilders, such as D.R. Horton and Tri Pointe Homes, significantly reduced the number of new home starts over the last quarter amid sluggish homebuyer demand, Smith Douglas Homes Corp. is taking a different approach, akin to that of Lennar. Pace over price. The builder’s strategy reflects a commitment to affordability and serving the […]
-
Mortgage rate declines are raising the likelihood of a refi surge
Mar 19, 2026 -
Homebuilders Urged To Invest In Frontline Jobsite Workers Now
Mar 19, 2026 -
How hybrid operations are elevating builder performance
Apr 30, 2026 9:50 am -
HousingWire Mortgage Rankings have arrived, bringing data-driven benchmark to originator performance
Apr 30, 2026 -
After An Involuntary Pause, Orders Matter Again For LGI
Mar 20, 2026
Latest Articles
HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]