Trump faces disappointing July jobs report

The economy unexpectedly lost 23,000 jobs in July, signaling a slowdown that could complicate the Federal Reserve's next move on interest rates in September. The Trump administration downplayed the jobs report, blaming it on federal downsizing and layoffs in World Cup hospitality. CBS News business producer Emily Pandise has more.

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Scoop News DeskPublished Friday, August 7, 2026 at 10:51 PM UTCUpdated Saturday, August 8, 2026 at 4:40 AM UTC

Scoop News reporting summary

The text below was supplied by the Scoop Newsroom app. Third-party reporting is attributed in the source panel.

🏥 **Exact location not stated in available reporting — Trump faces disappointing July jobs report**

Category: Health emergency Date/time: Friday, August 7, 2026 at 6:51 PM Location: Exact location not stated in available reporting Status: Reported by CBS News; verification is continuing

Reported circumstances: No additional circumstances have been independently established beyond the attributed update above.

Injuries/deaths: **No confirmed injuries or deaths are stated in the available reporting.** Suspect status: N/A Public impact: No verified wider public impact has been detailed yet. Source confidence: Reported — CBS News; official confirmation remains limited Story link: https://www.cbsnews.com/video/trump-faces-disappointing-july-jobs-report/ Photo/video link: No verified photo or live-video link found yet.

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