US Job Growth Slowed in July—Key Takeaways

The weak number comes with downward revisions of previous months. But the Atlanta Federal Reserve chief said ’the labor market still looks good.’

A worker prepares to lift a steel beam with a crane at Central Steel Supply Company in Marlborough, Mass., on March 13, 2025. Joseph Prezioso/AFP via Getty Images

The U.S. economy created a smaller-than-expected 73,000 new jobs in July, causing concerns that the labor market could be in trouble.

But while the headline number signaled a potential slowdown ahead, changes to initial estimates over the last two months have captured Wall Street’s attention.