According to the U.S. Bureau of Labor Statistics, we are now witnessing the first net decline of jobs since February 2026. Nonfarm payroll employment plunged down by 23,000 jobs in July, while the unemployment rate inched down to 4.1%.

Employment numbers for the months of May and June were also

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https://www.thehrdigest.com/what-julys-unexpected-job-losses-mean-for-employers/