#noticiascripto 🚨🔥The July jobs report was released and instantly destroyed any remaining confidence in Jerome Powell's "strong labor market" line.

Non-farm payrolls increased by only 73,000, well below the 100,000 that economists were expecting, and just above the revised June figure of 14,000. That's what the BLS now says was added in June after cutting more than 133,000 from the original estimate of 147,000.

May also didn't escape. The previous number of 144,000 was revised down to 19,000, meaning 125,000 disappeared from that month as well. In total, 258,000 jobs simply evaporated from the last two months of data. That's more than the population of Scottsdale, Arizona; gone.

And while all this is happening, the unemployment rate quietly increased to 4.2%, exactly as forecasted, but still higher than last month. This made a big hole in the entire narrative the Fed was trying to weave just a day before.