this post was submitted on 09 Aug 2026
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politics

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The U.S. economy shed jobs in July, yet the unemployment rate improved — an unusual pairing that points to a worrying story unfolding behind the numbers for some economists.

That’s because even as the U.S. economy lost jobs, American workers left the labor market faster.

Mom's basement might be the answer.

top 23 comments
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[–] altphoto@lemmy.today 2 points 6 hours ago

He just got rid of 170,000 visas. So one would assume those are the jobs.

[–] Malyca@lemmy.zip 8 points 1 day ago

Immigration abductions

[–] daannii@lemmy.world 10 points 1 day ago (1 children)

Cause the numbers aren't true.

Isn't that obvious ?

Trump fired the last woman doing the job because she wouldn't lie. He found someone who would.

Concentration camps

[–] weps@lemmy.world 5 points 1 day ago (1 children)

Why would they, of all things, not lie about economic numbers?

[–] Sunflier@lemmy.world 2 points 1 day ago

They probably did. These are the numbers after they eent through the tampering factory

[–] Monument@piefed.world 43 points 2 days ago* (last edited 2 days ago) (1 children)

The same thing that always happens –

Many workers are underemployed in roles that don’t have them working enough hours, don’t pay enough, or aren’t in their chosen field. They may still be seeking employment, but are not counted because they are employed in some fashion.

Many people have simply given up and have not looked for a job in the last two weeks because it’s impossible to penetrate the market, so they aren’t considered unemployed.

There are many other reasons, but essentially, the counting method and methodology are skewed to create the impression of a better economy than the one that actually exists for economic, political, social, and geopolitical purposes.
They do the same for inflation, too - looking at subsets of goods and periodically revising how CPI is calculated. It’s a lie.

[–] Zephorah@discuss.online 13 points 2 days ago (1 children)

So, the only way an unemployed person counts as unemployed is while he’s submitting applications?

[–] Monument@piefed.world 15 points 2 days ago* (last edited 2 days ago)

Ope. It’s more generous at 4 weeks, not 2 and doing anything to find work, not just submitting applications.

But - yeah.

[–] perviouslyiner@lemmy.world 2 points 1 day ago (1 children)
[–] Kurtismayfield@lemmy.zip 1 points 14 hours ago

We have a lot of retirees right now. There are 56 million people over 65 receiving SS according to the SSA. The 25-54 participation rate is a better measurement of whose actually working:

https://fred.stlouisfed.org/series/LNS11300060

[–] CaptDust@sh.itjust.works 28 points 2 days ago* (last edited 2 days ago) (1 children)

The simpler explanation is the Dept of Labor is cooking the numbers. They were installed to wallpaper over massive unemployment, and they're getting the job done. Billionaire owned media is complacent and enabling this by continuing to trust their figures.

[–] Rhaedas@fedia.io 4 points 2 days ago (1 children)

97.6% of statistics are made up.

[–] clif@lemmy.world 4 points 2 days ago (2 children)

89.7%, your statistic is out of date

[–] Soulphite@reddthat.com 4 points 2 days ago

60% of the time it works every time.

[–] Rhaedas@fedia.io 2 points 2 days ago

That's an improvement.

[–] HappyCatLuvs_U@lemmy.world 9 points 2 days ago* (last edited 2 days ago) (1 children)

So far as I know, ~~gig work is not counted in the data, meaning driving for delivery apps, etc. So they probably dropped from the tracked economy into the gig economy.~~

I was wrong, see below comment

Some may also have pursued further education in some form.

Seperately, considering the adjustment downward for literally every months data following it's release, you can probably assume even the slight gain in employment this month will be adjusted down to a loss overall in a month or two.

[–] Hapankaali@lemmy.world 10 points 2 days ago

Gig work is counted. That's not a relevant factor, though workers in the gig economy might be underemployed in some situations.

In fact, it has long been the case that employment numbers in the US are far behind those of certain other developed countries. Generally speaking, more egalitarian societies have higher employment rates since fewer people are marginalized, and fewer people can easily choose not to work.