The July jobs report unexpectedly missed expectations, with a loss of 23,000 jobs.

a drop of 23,000 jobs in the month of July. And average hourly earnings ticking up less than estimated, only by a tenth of 1%. Average hourly earnings on a year-over-year basis up 3.2%.And the labor force participation rate going down, not up to 61.4%. The unemployment rate coming in also ticking down, perhaps because we've got that decrease in labor force participation, 4.1%. That is a tenth of a percent better than estimated and a tenth of a percent lower than the prior. ...