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Business Insider US unemployment has been low, but it's also a tough time to find work. As we head into the long Labor Day weekend, we're about to find out how the labor market shaped up in August after a shocking job loss in July. The Bureau of Labor Statistics will publish its latest report at 8:30 a.m.
ET. Economists expect the US to have added 55,000 jobs and unemployment to remain at the low rate of 4.1%. Despite the overall job loss, many industries experienced growth.
Nine of the 14 major industries experienced job growth over the month in July, with private education and health services leading the way, followed closely by construction. Local government losses dragged down overall employment, with 57,000 jobs lost, largely in education. Employment in leisure and hospitality fell by 40,000.
Last month's jobs report brought an unwelcome surprise: the US unexpectedly lost 23,000 jobs on net in July, after four months of job growth. Job growth for both previous months was revised downward, resulting in 103,000 fewer jobs than previously reported. Unemployment inched down to 4.1%, last seen in June 2025, and labor force participation inched down to 61.4%, the lowest since the 70s outside the pandemic.
Economists noted a simultaneous pullback in demand and labor supply, with hiring difficulties and fewer job opportunities reported.
Source: Business Insider
