New Jobs created, but fewer Americans working

SAN FRANCISCO, CA ---   Digest this fact. The economy generated 117,000 new jobs in July.   

But a ccording to a Bureau of Labor Statistics, 38,000 fewer Americans had jobs in July than in June. Yes, that’s the case.  139,296,000 people were working in July, compared to 139,334,000 the month before, or a drop of 38,000.

Why?  Enter the “discouraged workers.”