The Frozen Job Market: Why Companies Aren’t Hiring Even When They Aren’t Laying People Off
U.S. nonfarm payroll employment fell by 23,000 jobs in July 2026, while unemployment remained at 4.1 percent, data from the U.S. Bureau of Labor Statistics shows. The civilian labor force also shrank by 264,000 people during the month. That helped keep the unemployment rate relatively low even as employment weakened. The figures capture an unusual
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