That looking at monthly numbers is stupid? The US has had significantly more job growth in 2026 than Canada has. The July numbers are convergence to a roughly common mean.
Looking beyond the monthly numbers, it came out today that the prior "good" numbers in the US were a mirage, and actually very very low.
So if you think looking at monthly numbers is "stupid", the only thing more stupid would be to take past good monthly numbers at face value, but then disregard the corrections that come later.
It is stupid. But the connection is that the Americans do international politics in an abusive way now. There is a very real possibility that their leader will see domestic bad number and foreign good number and throw a fit and look for something or someone to beat on. By all means, someone please tell him that looking at the numbers is stupid.
In particular, the Americans have been throwing endless tantrums Canada's way. This week we're "nasty people" because we refuse to become an ecnomimc vassal state. I'm sure we'll hear more tariff sabre rattling from the Americans soon.