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July Jobs Shock: U.S. Adds Just 73K as Unemployment Climbs to 4.2%
July Jobs Shock: U.S. Adds Just 73K as Unemployment Climbs to 4.2%
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Labor market stumbles—Wall Street's 'soft landing' narrative takes a hit.
Where did the jobs go? Employers slammed the brakes on hiring, adding a meager 73,000 positions last month. The unemployment rate ticked up to 4.2%, suggesting the Fed's economic tightrope act just got wobblier.
Market implications: Traders now pricing in rate cuts by Q4—because when the going gets tough, the Fed always flips the money printer back on. Gold and crypto poised to benefit as confidence in centralized economic management erodes.
The cynical take: Another 'transitory' blip for the spreadsheet jockeys at the Treasury—until the next crisis demands another trillion-dollar band-aid.
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