so the jobs report fell a lot more than expected and it was not good so we've been seeing the labor market continue to soften and this is another iteration of that we can see jobs slumping to their lowest level in 3 and 1/2 years which fell down to 7.67 million in the month of July just 237 off of its June downwardly revised number and the lowest level since January of 21 economists were looking for 8.1 million or about half a million more jobs but of course course we are not getting that and now with this most recent decline the jobs number is less than 1.1 almost a 1:1 ratio down from its peak of a 2:1 ratio so jobs Market has sufficiently cooled and it makes sense that