August 1, 2025 - Jobs Report Weak, Unemployment Rate Up to 4.2%

“This is a gamechanger jobs report,” said Heather Long, chief economist at Navy Federal Credit Union. “The labor market is deteriorating quickly.”

The US economy added only 73,000 jobs in July, far below expectations. May and June were revised down by -258,000.

**75% of the July job gains came from healthcare**