Nowflation › Release calendar › July 2026 jobs report

July 2026 jobs report: +21K — Graded, Nowflation +198K

Countdown

Released Friday, August 7, 2026 at 8:30 AM ET. Graded below.

What to watch

  • Prior: payrolls +20K in June 2026.
  • Street consensus: +80K payrolls (FMP economic calendar estimate).
  • Unemployment rate: 4.2% in June 2026.
  • Nowflation: the in-house payroll nowcast (as of August 6, 2026) is graded below after the report. Watch average hourly earnings against the Gauge: real wages are the inflation story in this report.

The Nowflation call

+198K nonfarm payrolls for July 2026 (Nowflation's in-house payroll nowcast, last before the release, August 6, 2026; not a sealed receipt).

Competing forecasts

ForecasterCallMiss
Street consensus+80K+59K
Prior month (naive) (closest)+20K−1K

Grading

July 2026 payrolls +21K (reported August 7, 2026), unemployment 4.1% (prior +20K). Source: BLS, from series PAYEMS (monthly change) and UNRATE.

Nowflation +198K vs printed +21K: miss +177K.

Related: Jobs and wages · Real wages · Series PAYEMS · Release calendar