MIAMI, FLORIDA - OCTOBER 03: A 'Now Hiring' sign is posted outside of a business on October 03, 2025 in Miami, Florida. Due to the U.S. Government shutdown the Bureau of Labor Statistics will not be releasing September's employment data. (Photo by Joe Raedle/Getty Images)
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'Not going to cut it': What the latest jobs report tells us about the economy

US employers cut 23,000 jobs in July — far below forecasts for a 95,000 gain — after June’s total was revised down to 20,000, signaling growing caution amid AI adoption, higher oil prices, policy uncertainty and the war with Iran, even as unemployment fell to 4.1%.

3:09 • Source: CNN
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MIAMI, FLORIDA - OCTOBER 03: A 'Now Hiring' sign is posted outside of a business on October 03, 2025 in Miami, Florida. Due to the U.S. Government shutdown the Bureau of Labor Statistics will not be releasing September's employment data. (Photo by Joe Raedle/Getty Images)
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