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July’s Jobs Report Is Ugly. Strip Out the World Cup Hangover and It’s Even Uglier

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FOMOGRAM Editorial Desk
Aug 7, 2026
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July’s Jobs Report Is Ugly. Strip Out the World Cup Hangover and It’s Even Uglier
EXECUTIVE SUMMARY

The S&P 500 keeps grinding to new highs, and if you only checked your brokerage app this morning, you’d think the economy was firing on all cylinders. It isn’t. The Bureau of Labor Statistics just released its July jobs report, and the headline number — a loss of 23,000 jobs — marks the third-worst month ... July’s Jobs Report Is Ugly. Strip Out the World Cup Hangover and It’s Even Uglier

The S&P 500 keeps grinding to new highs, and if you only checked your brokerage app this morning, you’d think the economy was firing on all cylinders. It isn’t. The Bureau of Labor Statistics just released its July jobs report, and the headline number — a loss of 23,000 jobs — marks the third-worst month ... July’s Jobs Report Is Ugly. Strip Out the World Cup Hangover and It’s Even Uglier

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