Stocks and Bitcoin Take a Nosedive: Weak Jobs Data Brings Market Mayhem
Friday morning saw investors experiencing the economic version of a bad breakup—waves of disappointment and a deep, unshakeable gloom. The July jobs report, which should’ve been a cheerleading squad, instead read like a sad poetry slam. It showed only 73,000 new jobs—yes, just seventy-three thousand in the grand scheme—beating June’s pitiful 14,000 but falling way short of the 115,000 economists desperately predicted. It’s almost as if the economy decided to hit “pause” for a breather, or maybe just a nap.