Post #4438829
2026-08-07 21:38 UTC
In case there was any doubt that Wall Street really, really doesn't give a shit about the people whose work generates all those juicy corporate profits, the juxtaposition of the frankly crappy Labor Dept. jobs report and the stock market going up should make that clear.
"Unemployment rate: 4.1% ->This went down for the WRONG reasons," Heather Long, chief economist at the Navy Federal Credit Union, posted on X. "Over 260,000 left the labor force."
https://finance.yahoo.com/economy/article/july-jobs-report-us-economy-lost-23000-roles-far-short-of-expectations-170715590.html
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