08/08/2026
"Numbers released by the Department of Labor this morning showed that the U.S. economy shed 23,000 positions in July, a significant drop from the 83,000 new jobs economists had predicted. The department also revised the jobs numbers from May and June down by more than 100,000 jobs. “That’s a big kick in the guts,” economist Justin Wolfers wrote. “[O]ver the past three months, the US economy created about -200K fewer jobs than we had thought.” “Revise down your views substantially,” he added."
On Tuesday, August 4, Erin Banco, Mike Stone, and Jonathan Landay of Reuters reported that the U.S.