U.S. unemployment fell to 4.1% in July, its lowest since June 2025, but the labor report was weak overall. Payrolls fell by 23,000 versus expectations for an 88

U.S. unemployment fell to 4.1% in July, its lowest since June 2025, but the labor report was weak overall. Payrolls fell by 23,000 versus expectations for an 88,000 gain, prior months were cut by 103,000, and traders dropped bets on a September Fed hike.