REAL-TIME GLOBAL RESEARCH
US: July Employment Scorecard
Research evidence excerpt
Abiel Reinhart (1-617) 712 9122
JPMorgan Chase Bank NA
North America Economic Research
06 August 2026
Labor market indicators
US: July Employment
Scorecard
Fri
Aug 7
8:30am
JPMORGAN
Labor-market report
Sa
Payroll employment
(ch, m/m, 000s)
Private payrolls
Goods-producing
Construction
Manufacturing
Service-providing
Private service-providing
Wholesale trade
Retail trade
Professional services
Temporary help
Education/health
Leisure and hospitality
Government
Average weekly hours
Index, hrs worked (%m/m)
Hourly earnings (%m/m)
(%oya)
Unemployment rate (%)
Participation rate (%)
Apr
May
Jun
Jul
148
150
6
3
-1
142
144
1
24
20
11
67
-7
-2
34.3
0.3
0.2
3.6
4.3
61.8
129
97
7
6
-2
122
90
4
8
11
-1
45
40
32
34.3
0.1
0.3
3.4
4.3
61.8
57
49
10
11
3
47
39
2
-8
36
9
69
-61
8
34.3
0.1
0.3
3.5
4.2
61.5
75
10
5
65
Nonfarm payroll employment (m/m ch, 000s)
Ex federal government
Private
Initial jobless claims (payroll reference week)
Four-week average
Continuing jobless claims (payroll reference week)
Four-week average
CB labor market differential
PMI all-industry employment
ISM all-industry employment
Fed surveys all-industry employment
Chicago Fed CFSEC current hiring
NFIB: net % percent planning to increase employment
NFIB: % of firms with open positions
Indeed job openings index (average)
FRB Cleveland WARN factor (layoff indicator, nsa)
Challenger announced job cuts (000s, nsa)
Ex government
Census BTOS employee index (average, nsa)
ADP private employment (m/m ch, 000s)
Revelio private employment (m/m ch, 000s)
Revelio government employment (m/m ch, 000s)
Intuit small business employment (%m/m)
Jul 25
64
73
65
221
229
1.941
1.949
11.0
51.5
46.7
50.6
-32.0
14
33
104.3
-0.37
62
58
48.2
77
-2
-6
0.12
Jan 26 Feb 26 Mar 26
160
-156
214
197
-160
221
180
-148
202
210
208
205
220
211
1.823
1.827
1.816
1.866
1.848
1.846
6.8
5.7
6.1
50.7
50.4
49.7
50.1
51.6
45.5
50.7
49.6
50.0
-17.9
-32.2
-25.1
16
12
31
33
32
103.3
104.6
103.9
-0.09
0.04
-0.26
108
48
61
107
48
59
46.8
47.2
47.7
11
66
61
37
1
38
3
-4
-1
-0.07
-0.11
Apr 26 May 26 Jun 26
148
129
57
149
126
55
150
97
49
215
210
227
211
203
224
1.776
1.785
1.812
1.795
1.773
1.792
7.5
5.0
3.8
50.2
47.9
49.1
47.9
48.0
51.1
49.3
50.3
52.5
…
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