US Payrolls Fall 23,000 in July, Dollar Slips as September Hike Bets Unwind
US nonfarm payrolls fell 23,000 in July against forecasts near 80,000, with May and June revised down a combined 103,000. Unemployment eased to 4.1% on lower participation. Wage growth slowed to 3.2%. The dollar weakened and Bitcoin traded near $65,300.
Nictick — educational context
Nonfarm payrolls is the monthly US jobs release. It shapes Fed policy expectations, which influence dollar strength and liquidity across risk assets. Note the jobless rate fell alongside lower participation, and wage growth eased to 3.2%. CPI lands August 12, FOMC September 16.