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Economy

Aug 12, 2026, 7:20 AM

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ECONOMYCOVERAGE GAP: LEFT SOURCES ONLY08/12/26

July Jobs Report Shows Unexpected Losses

U.S. labor market lost 23,000 jobs in July with prior months revised downward.

WHAT'S CONFIRMED

  • ▸The U.S. cut 23,000 jobs in July. — NPR Economy, NPR Economy, Marketplace

NOT REPORTED ELSEWHERE

  • ▸Wage growth slowed to 3.2%, the lowest yearly rate in five years. — Marketplace
  • ▸Job-changers saw 7% pay growth in July, highest in nearly a year. — Marketplace
ECONOMYCOVERAGE GAP: LEFT SOURCES ONLY08/12/26

Housing Market Slumps Amid High Mortgage Rates

Existing home sales fell 1.7% in July as mortgage rates remain elevated.

WHAT'S CONFIRMED

  • ▸Existing home sales fell in July amid high mortgage rates. — NPR Economy, CNBC

NOT REPORTED ELSEWHERE

  • ▸Average selling price rose even as sales fell 1.7%. — NPR Economy
  • ▸Mortgage rates eased slightly, bringing some demand back to market. — CNBC