U.S. Payrolls Fall 23,000 in July as 24 States Post Job Losses
Updated
Updated · Eye on Housing · Aug 21
U.S. Payrolls Fall 23,000 in July as 24 States Post Job Losses
3 articles · Updated · Eye on Housing · Aug 21
Summary
U.S. nonfarm payrolls fell by 23,000 in July after a 20,000 gain in June, extending signs that the labor market is losing momentum.
Twenty-four states shed a combined 122,100 jobs, led by New Jersey's 25,600 decline, while gains were concentrated in 26 states and D.C., with Maryland and Illinois each adding 11,700.
Monthly payroll gains have averaged just 61,000 through July on the current data vintage, reflecting downward revisions to earlier months.
Construction remained a rare bright spot, adding 22,000 jobs nationwide in July, with 28 states posting increases.
Over the past 12 months, total nonfarm employment rose only 316,000, or 0.2%, while state unemployment ranged from 2.0% in South Dakota to 5.9% in D.C.