00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Kobesi letter said U.S. full-time employment fell by $106,000 in July to $133,55 million,
00:11the lowest level since December 2024. Full-time employment has declined for four consecutive
00:16months, falling by $1.11 million over that period and $2.35 million since January 2025.
00:23The full-time employment-to-total employment ratio fell to 82.4 percent,
00:28its third lowest level since March 2018. The unemployment rate fell to 4.1 percent in July,
00:34even as employers shed 23,000 jobs and labor force participation dropped to 61.4 percent,
00:42its lowest level since February 2021. Economist Mark Zandi also pointed to falling participation
00:48and employment as signs of labor market weakness. Weekly jobless claims, meanwhile, fell to $187,000
00:55in July, the lowest level since 1969. For all things money, visit Benzinga.com.
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