Jobs Report Sparks Economic Questions | Wilmington News

Wilmington News Today | 2 Min News | The Daily News Now! · Aug 7, 2026 · 1m

The latest jobs report threw a curveball: employers slashed 23,000 jobs last month, and revised down May and June totals by 103,000 — all while the unemployment rate dipped to 4.1% thanks to fewer people actively seeking work. Forecasters expected nearly 100,000 new jobs, but instead saw big cuts in public schools (50K), restaurants (26K), and retail (19K). The White House points to construction and manufacturing gains as proof of their economic plan, but the real story is a shrinking labor force — now at its lowest since early 2021. Economists are calling it a “no hire, no fire” market…