Hey, everybody, we have to stop mocking the stimulus. Unemployment dropped last month from 9.5 percent to 9.4 percent, so the economy’s fixed.

I guess Biden knew what he was doing all along.

UPDATE: What’s really amazing is that non-farm payroll employment actually declined by 247,000, and the national unemployment rate managed to decline as well.

Oh, here’s why this is: “Among the marginally attached, there were 796,000 discouraged workers in July, up by 335,000 over the past 12 months. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them.”

Good to see all those shovel-ready projects continue to work wonders: “Employment in construction declined by 76,000 in July, about in line with the average for the past 3 months (-73,000).”

The American Spectator’s Phil Klein Tweets that removing the “marginally detached” from the workforce of potential workers reduces the national labor pool by .2 percent. So if you reduce the labor force by 0.2 percent, and unemployment only decreases by .1 percent . . . then unemployment actually increased by .1 percent using June’s numbers.