The United States labor market suffered an unexpected setback in July as nonfarm payrolls dropped by 23,000 and previous months saw severe downward revisions.

The UK labour market shows signs of cooling as unemployment rose to 4.4% and job vacancies recorded their 31st consecutive period of decline. The ONS continues to adjust its methodology to address volatility in survey data.

U.S. employers added 57,000 jobs in June, a figure complicated by downward revisions to previous months and a decline in labor force participation.