Bloomberg Surveillance · Friday, August 7, 2026
The US unemployment rate decreased to 4.1% in July, falling below the expected 4.2% and down from the previous month's 4.2%. This unexpected drop in unemployment occurred despite the economy shedding jobs.
“Moving to the unemployment rate, it dipped to four point one percent versus the prior month's four point two percent.”
“The expectation was for four point two percent.”