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BREAKING: The US economy unexpectedly loses -23,000 jobs in July, well below expectations of +85,000.

The unemployment rate fell to 4.1%, below expectations of 4.2%.

June's jobs number was also revised down by -37,000 jobs.

This marks the 3rd biggest monthly job loss since the…
— The Kobeissi Letter (@KobeissiLetter) August 7, 2026

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David DeGerolamo

August 7, 2026

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David DeGerolamo

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MrLiberty

August 7, 2026 at 11:51 am

23,000 jobs LOST, but somehow the unemployment number DROPS??

With apologies to Disraeli and the others to which the original quote is attributed “There are three kinds of lies: LIES, DAMN LIES, and (government) STATISTICS.”

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1. David DeGerolamo
  
  August 7, 2026 at 1:01 pm
  
  The drop was due to the number of people who dropped out of the work force and are no longer counted. Who decides who is counted? The same government that brings in illegals aliens, H1B Indians and DEI hires for workfare.
  
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