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CNBC

U.S. added just 73,000 jobs in July

CNBC · New
CNBC
CNBC
New

CNBC's Rick Santelli joins 'Squawk Box' to break down the July jobs report. The U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower.

Breakdown
  • Non-farm payrolls increased by 73,000, the lowest monthly gain this year. 7s
  • A two-month revision reduced previous job gains by 258,000. 28s
  • The unemployment rate rose to 4.2%, the highest since October 2021. 1m 6s
  • Average hourly earnings increased by 0.3% month-over-month and 3.9% year-over-year. 35s
  • Market interest rates fell in response to the jobs report and revisions. 1m 52s
Economy