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JUST IN: A surprisingly bad job report. The US economy LOST -23,000 jobs in July (way below expectations of +80k). May and June were revised DOWN by a combined -103,000. Unemployment rate: 4.1% ->This went down for the WRONG reasons. Over 260,000 left the labor force Wage growth: 3.2% –>this is entirely wiped out by inflation
From the Oval Office:
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