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- US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor market is weaker than previously thought after surprising strength earlier this year.
Nonfarm payrolls decreased 23,000 last month following a combined 103,000 downward revision to the May and June figures, Bureau of Labor Statistics data showed Friday. The unemployment rate fell to 4.1% as labor force participation continued to slide, and wage growth slowed.
Bloomberg's Tom Keene and Damian Sassower break down the numbers with:
Claudia Sahm, Chief Economist at New Century Advisors
Constance Hunter, Chief Economist at EIU
Kristina Campmany, Senior Portfolio Manager at Invesco
Andrew Hollenhorst, Chief US Economist at Citi
Stephanie Roth, Wolfe Research Chief Economist
See omnystudio.com/listener for privacy information. - The latest in finance, economics and investment.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney
Thursday, August 6th, 2026
Featuring:
1) Shusuke Yamada, Head of Japan FX/Rates at Bank of America, on yen intervention and his non-consensus yen view.
2) Ed Hirs, Energy Fellow at the University of Houston, joins to discuss the overall US energy landscape and potential price increases across the board.
3) Suki Cooper, Global Head, Commodities Research at Standard Chartered Bank, talks recent moves in gold.
4) Julia Hermann, Director: Global Market Strategy at New York Life Investment Management, talks tightening economic conditions and the pass through to equities.
See omnystudio.com/listener for privacy information. - Featuring:
Alicia Levine, Chief Investment Officer at BNY Wealth
Ariana Salvatore, Head of US Public Policy Research at Morgan Stanley
Andrew Hollenhorst, Chief US Economist at Citi Research
See omnystudio.com/listener for privacy information. - The latest in finance, economics and investment.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyWednesday August 5th, 2026
Featuring:
1) Alicia Levine, CIO at BNY Wealth, talks the path of the S&P and legs of the market rally.
2) Ben Cook, Manages Hennessy Energy Transition Fund as well as the Hennessy Midstream Fund, talks about energy price gyrations and outlook for oil and gas prices.
3) Nisha Patel, Senior Portfolio Manager: Fixed Income at Parametric, talks about the tough month for munis and bond market warnings.
4) Dan Ives, Partner at Yorkville & Ives, breaks down SpaceX earnings.
See omnystudio.com/listener for privacy information.
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O Bloomberg Surveillance
Listen for the latest in finance, economics and investment. Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern bring you interviews from Bloomberg Surveillance Television. Join Tom Keene and Paul Sweeney for the best conversations from Bloomberg Surveillance Radio. Watch Surveillance TV LIVE each mornings: http://bit.ly/3P7nstQ. Watch Surveillance Radio LIVE weekday mornings: http://bit.ly/3vTiACF.
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