Non Farm Payrolls Continue To Decline, Recession Next?
Published At: Aug 02, 2025 by
Gareth Soloway
Non Farm Payrolls for July 2025 came in at 73,000. This was less than the 106,000 expected. The biggest shock was the revisions to the two previous months. Non Farm Payrolls were revised down to near zero for both April and June. This sent investors running from stocks.
Overall, it appears job growth is going to zero, then possibly negative. This may mean recession in the coming quarters. It also means a September rate cut is very likely, even with inflation inching up.
Investors need to be very careful here. Negative growth and inflation brings up the term stagflation.
