U.S. revised July non-farm payroll change (thousands) fell short of expectations: -23 vs 80

Revised U.S. July non-farm payrolls dropped to -23k, missing the 80k forecast. The sharp labor market cooling reinforces expectations for continued loose monetary policy.

The revised non-farm payroll change in the United States for July was -23 thousand, well below the expected 80 and the previous value of 57. This significant deviation from expectations indicated a sharp cooling in the labor market, reinforcing market expectations that the central bank will maintain a loose monetary policy and ample liquidity.