US Job Market Adds 22,000 Jobs, Experts Panic Anyway

On a fateful Friday in July 2023, the US Labor Department reported an eye-popping addition of exactly 22,000 jobs — enough to barely populate a medium-sized office party. Revised data solemnly confirmed that June actually killed jobs, turning economists collectively pale. The unemployment rate crept up to a whopping 4.3%, forcing hedge fund managers to eat instant ramen in solidarity. Industry insiders suggest that by this rate, the Bureau of Labor Statistics may start reporting jobs in single digits by next fiscal quarter. Economists now race to invent new euphemisms for 'terrible,' like 'lukewarm employment' or 'mildly sluggish job climate.'

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Source: Feeds | Published: 9/5/2025 | Author: Scott Horsley