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What Recent Jobs Data Tells Us About the Economy

Picture of Scott Colbert Scott Colbert : August 4, 2025

Economy Economic Insights
What Recent Jobs Data Tells Us About the Economy

Recent job growth has slowed, but year-over-year figures remain strong and offer an important insight into the overall health of the economy. In the latest Commerce Trust Market Brief video, Scott Colbert, Chief Economist and Director of Fixed Income Management, provides his latest perspective on labor market trends impacting U.S. economic growth.  

  • The July jobs report came in lower than expected, with downward revisions to May and June figures 

  • Year-over-year employment growth is cooling, but remains solid 

  • The unemployment rate remains remarkably steady despite the slowdown in job growth 

  • Recent findings show how tariffs are impacting consumer prices  

  • Expectations for future Federal Reserve interest rate cuts



 

Read the transcript

 

 

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