July Jobs Shock: US Lost 23K Workers, Below Lowest Estimate, As Unemp Rate Drops To 4.1%

July Jobs Shock: US Lost 23K Workers, Below Lowest Estimate, As Unemp Rate Drops To 4.1% Ahead of today's jobs report, in our payrolls preview we warned that "July Has Emerged As A Very Poor Month For Jobs" and boy were we right: moments ago the BLS reported that in July, the US labor force shrank by a whopping 23K, sharply lower from a downward revised 20K in June (from 57K), and the worst print since the negative 156K in February. As noted above, the -23K print was below al...

By Tyler Durden