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August 07, 2026US EMPLOYMENT, JULY 2026 Monthly change (July 2026 vs June 2026, seasonally adjusted)
US non-farm payroll employment decreased 23,000 in July 2026, falling to 158.9 million persons.
Employment growth has slowed in the US, with gains in May and June revised lower to 63,000 and 20,000, respectively.
The US unemployment rate edged down 0.1 percentage point to 4.1% in July 2026. The US unemployment rate has remained at or above 4% since May 2024.
The US participation rate edged down 0.1 percentage point to 61.4% in July 2026. The US participation rate had stabilized below levels observed prior to the pandemic and has declined in recent months.
The US employment to population ratio also edged down 0.1 percentage point to 58.9% in July 2026. As with the participation rate, the US employment rate remains below pre-pandemic levels and has declined slightly since mid-2023.
Note: Data for October 2025 were not collected due to the federal government shutdown.
Note: Canadian and US labour force statistics refer to different working-age cohorts.
Sources: US Bureau of Labor Statistics retrieved from Federal Reserve Bank of St. Louis; Statistics Canada. Table 14-10-0287-01 Labour force characteristics, monthly, seasonally adjusted and trend-cycle
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