July Jobs Report

#Jobs — Surprise loss for the month. Two previous months revised downward, for a 1-year average of 34,000 jobs added per month.

Loss of -27,000 non-farm payroll jobs, vs. expected gain of +83K
Unemployment down 0.1 to 4.1%
U6 unemployment 7.9%, unchanged
Labor force participation down 0.1 to 61.4%
Average hourly earnings up by 0.1%; +3.2% Y/Y

May jobs revised down by -66K to +63K
June jobs revised down by -37K to +20K