Household Survey Shows 1.8M Jobs Lost in 2026 so far
Exploring Finance | SchiffGold | 07 Aug, 2026
The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on.
Current Trends
The jobs report showed a loss of 23k jobs for the month of July. This was a surprise to the market which had been expecting an increase in jobs. Even worse was the Household Survey which showed a loss of 87k jobs.
Figure: 1 Primary Report vs Household Survey – Monthly
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