Both payroll employment (-23,000) and unemployment rate (4.1%) change little in July

July nonfarm payrolls slipped by 23,000 while the unemployment rate was steady at 4.1%, signaling little change in labor-market conditions. Job losses were concentrated in local government education and retail trade, offset by continued employment growth in health care.

Analysis

July nonfarm payrolls slipped by 23,000 while the unemployment rate was steady at 4.1%, signaling little change in labor-market conditions. Job losses were concentrated in local government education and retail trade, offset by continued employment growth in health care.