Weak Jobs Data Masked by Falling Unemployment
The US unexpectedly lost 23,000 jobs in July while unemployment fell to 4.1%, a decline driven by fewer people participating in the labor force rather
The US unexpectedly lost 23,000 jobs in July while unemployment fell to 4.1%, a decline driven by fewer people participating in the labor force rather than stronger employment. Bloomberg News Economics Chief US Economist Anna Wong joins Bloomberg This Weekend and explains to hosts David Gura and Christina Ruffini that the weak payrolls and persistent downward revisions point to a softer labor market and could reduce pressure on the Fed to raise rates in September.
More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance
Visit for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on Connect with Bloomberg Business on TikTok Reddit
More from Bloomberg Bloomberg Radio Bloomberg Surveillance Bloomberg Politics Bloomberg Originals Watch more on Bloomberg Technology Bloomberg Originals Bloomberg Quicktake Bloomberg Espanol Bloomberg Podcasts
The BriefWire