ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Economy

73,000 jobs added in July, unemployment rate steady at 4.2%

August 1, 2025
Reading Time: 1 min read
New York Fed: More people searching for jobs

Total nonfarm payroll employment changed little in July (+73,000) and has shown little change since April, the U.S. Bureau of Labor Statistics (BLS) reported today. The unemployment rate, at 4.2%, also changed little in July. Employment continued to trend up in health care and in social assistance. Federal government continued to lose jobs.

Health care added 55,000 jobs in July, above the average monthly gain of 42,000 over the prior 12 months. Over the month, job gains occurred in ambulatory health care services (+34,000) and hospitals (+16,000).

Federal Government employment continued to decline in July (-12,000) as is down 84,000 since reaching a peak in January. (Employees on paid leave or receiving ongoing severance pay are counted as employed in the establishment survey.)

Employment in social assistance continued its upward trend in July (+18,000), reflecting continued job growth in individual and family services (+21,000).

In July, average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents, or 0.3%, to $36.44. Over the past 12 months, average hourly earnings have increased by 3.9%.

In July, the average workweek for all employees on private nonfarm payrolls edged up by 0.1 hours to 34.3 hours. In manufacturing, the average workweek held at 40.1 hours, and overtime edged down to 2.8 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged up by 0.1 hours to 33.7 hours.

Read the BLS release.

Tags: Employment BLSNonfarm jobs
ShareTweetPin

Related Posts

ABA urges IRS to improve business communications systems

ABA DataBank: Average tax refunds are higher in 2026

Economy
April 3, 2026

The average tax refund on March 20 was $3,571, up 10.9% from last year. The total amount that has been refunded so far is about $202.6 billion, 12.9% above last year's corresponding total.

ABA DataBank: Nonfarm payroll growth stronger than expected, concerns remain

ABA DataBank: March nonfarm payrolls exceeded expectations

Economy
April 3, 2026

ABA economists believe the latest job market strength should support consumer loan demand and credit quality in the near future.

ABA: Partial claim option for veteran homeowners needs further work

Report: More than 10,000 veterans have lost homes since VA changes

Mortgage
April 2, 2026

More than 10,000 veterans have lost their homes since the Department of Veterans Affairs ended a program that allowed them to delay paying their mortgages because of financial hardship, according to a news report.

Mortgage rates fall

Mortgage rates rise

Economy
April 2, 2026

The rate for a 30-year fixed-rate mortgage was 6.46% this week. The rate for a 15-year fixed-rate mortgage was 5.77%.

CFPB received 6.6M consumer complaints in 2025

CFPB received 6.6M consumer complaints in 2025

Compliance and Risk
April 2, 2026

The CFPB received more than 6.6 million complaints in 2025, according to the bureau’s annual report. Banks and other financial companies responded to more than 99% of complaints in a timely manner.

Iowa targets crypto ATMs for role in alleged scams

States tighten reins on ‘crypto ATMs’

Compliance and Risk
April 2, 2026

In recent months, multiple states have proposed and passed laws to tighten restrictions on convertible virtual currency kiosks, with Indiana becoming the first state to ban the machines.

NEWSBYTES

ABA DataBank: Average tax refunds are higher in 2026

April 3, 2026

ABA DataBank: March nonfarm payrolls exceeded expectations

April 3, 2026

Report: More than 10,000 veterans have lost homes since VA changes

April 2, 2026

SPONSORED CONTENT

Check Fraud Is Outpacing Legacy Controls. What Banks Should Evaluate Now.

Check Fraud Is Outpacing Legacy Controls. What Banks Should Evaluate Now.

April 1, 2026
How top agricultural lenders are approaching AI, automation and innovation in 2026

How top agricultural lenders are approaching AI, automation and innovation in 2026

March 2, 2026
Top 7 FP&A Trends in Banking for 2026

Top 7 FP&A Trends in Banking for 2026

March 1, 2026
How Instant Payments Can Accelerate B2B Payments Modernization

How Instant Payments Can Accelerate B2B Payments Modernization

February 3, 2026

PODCASTS

Podcast: Are credit union commercial loans risky business?

March 30, 2026

Podcast: Risk and strategy in sponsor banking

March 19, 2026

Podcast: From stablecoin to fraud, top takeaways from the 2026 ABA Summit

March 13, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.