May’s jobs gain was revised down by 125,000, from 144,000 to 19,000. June’s jobs gain was revised down by 133,000, from 147,000 to 14,000. Together, that cuts 258,000 jobs from official data in two months.
https://www.bls.gov/news.release/empsit.nr0.htm
July added 73,000 jobs, below expectations. The unemployment rate rose to 4.2% from 4.1%. Markets now see a 95% chance of a Federal Reserve rate cut in September.
https://www.ft.com/content/08865eec-d5ba-4b21-92e4-700631c1c00b
May payrolls revised down by 125,000 to 19,000
June payrolls revised down by 133,000 to 14,000
Combined revisions cut 258,000 jobs
Weak labor data and slowing growth pushed Treasury yields lower and increased pressure on the Fed to cut rates.
🚨 BREAKING: A weak jobs report. The US economy added only 73,000 jobs in July. That’s way below expectations.
May and June revised down by -258,000!!
Unemployment Rate ticks up to 4.2% pic.twitter.com/1wpzI6f5A6
— Maine (@TheMaineWonk) August 1, 2025
NOW a September rate cut is on the table. 🚀🚀🚀
— QE Infinity (@StealthQE4) August 1, 2025