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Day: August 7, 2026

What the July jobs report reveals about the strength of the economy

New labor data shows the U.S. economy lost 23,000 jobs in July, when economists had predicted modest growth. Revised numbers for May and June also show 103,000 fewer jobs created than originally reported. The unemployment rate ticked down, from 4.2% to 4.1%, a function of fewer people seeking jobs. Amna Nawaz discussed the numbers with Heather Long, chief economist with Navy Federal Credit Union.

News Wrap: Court rules Trump needs Congress to approve White House ballroom

In our news wrap Friday, a federal appeals court ruled that President Trump can’t continue building his $400 million White House ballroom without congressional approval, Trump is reviving his push to remove Lisa Cook from the Federal Reserve Board of Governors and a student in Thailand shot and killed at least seven people today, including five at his high school, outside of Bangkok.

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