So, apparently the economists expected a net gain of 80,000+ jobs in July. But instead the market lost 23,000. Tired of winning yet? 'US suffers unexpected job losses in July, markets dial back rate hike expectations' https://www.reuters.com/business/us-nonfarm-payrolls-fall-july-unemployment-rate-eases-41-2026-08-07/ "The U.S. economy unexpectedly shed jobs in July and previously reported job gains for the prior two months were revised sharply lower, tempering financial market expectations for an interest rate hike from the Federal Reserve next month. While the Labor Department's closely watched employment report on Friday showed the unemployment rate falling to 4.1% last month from 4.2% in June, that was because another 264,000 people left the labor force, pushing the participation rate to a near 5-1/2-year low of 61.4%, and hampering hiring. The big revisions to previously reported changes in the US employment level came back into focus in July, a year after a historically large revision to earlier employment estimates resulted in President Donald Trump firing the Bureau of Labor Statistics commissioner and accusing her, without evidence, of tampering with the figures."
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