JUST IN: The U.S. economy lost 23,000 jobs in July.
Economists expected 80,000 jobs to be added.
The bigger problem is what happened to the previous numbers. May and June were revised down by a combined 103,000 jobs.
Labor force participation also fell to 61.4%, its lowest level in more than 5 years.
The labor market is getting weaker.
Andrew Lokenauth
npub144…450vp
2026-08-07 16:56:52 UTC
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npub144rtt3jc6225m4gcpeftdgekm9rsssrwspnkwtyvqampfk6wmzvs4450vpSeen on
wss://relay.mostr.pubPublished at
2026-08-07 16:56:52 UTCEvent JSON
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