Quote:The US labor market added more jobs than expected in June, while the unemployment rate unexpectedly rose to its highest level since November 2021. ...

Meanwhile, unemployment rose to 4.1%, up from 4% the month prior. June's job additions showed a decline from the 218,000 jobs added in May, which were revised lower from a previous reading of 272,000 jobs gained.

https://finance.yahoo.com/news/june-jobs...whfEGGmSug

SOFT SELL

Added more jobs than anticipated AND the unemployment rate rose. Interesting....

(07-05-2024 07:43 AM)VA49er Wrote:  Added more jobs than anticipated AND the unemployment rate rose. Interesting....

12million illegals since 2021.

I'll just wait for Tommie Bois to 'splain this to us.

Nice try.

"https://www.politico.com/news/2024/07/05/us-added-206-000-jobs-in-june-in-a-sign-of-continued-economic-strength-00166606"

(07-05-2024 09:08 AM)Ohio Poly Wrote:  Nice try.

"https://www.politico.com/news/2024/07/05/us-added-206-000-jobs-in-june-in-a-sign-of-continued-economic-strength-00166606"

That would mean the fed cant reduce rates.

A record number of working age adults are not working, not looking for work and have no plans to work in the next year. These people are not counted in the unemployment rate.

The "REAL unemployment rate" in May was around 24.5%

The "unemployment rate" is the single fakest number the government puts out.

(07-05-2024 09:22 AM)ericsrevenge76 Wrote:  A record number of working age adults are not working, not looking for work and have no plans to work in the next year. These people are not counted in the unemployment rate.

The "REAL unemployment rate" in May was around 24.5%

The "unemployment rate" is the single fakest number the government puts out.

(07-05-2024 09:08 AM)Ohio Poly Wrote:  Nice try.

"https://www.politico.com/news/2024/07/05/us-added-206-000-jobs-in-june-in-a-sign-of-continued-economic-strength-00166606"

Oh yeah? Give it a month for revisions. Anyone who believes this is a good economy is an absolute retard. Do you even know how to tie your own shoes?

Hell, even the article you cite acknowledges it: Still, there are signs of an economic slowdown in the face of the Federal Reserve’s series of interest rate hikes. The U.S. gross domestic product — the total output of goods and services — grew at a lethargic annual pace of 1.4% from January through March, the slowest quarterly pace in nearly two years.

Keep on cheering for the worst presidential administration in our entire history though. Fuqn loons...

Quote:The unemployment rate rose to 4.1%, up from 4% in the month prior and the highest reading in almost three year

On Wednesday, The ADP Research Institute's National Employment Report showed 150,000 jobs were added to the private sector in June, a deceleration from the 157,000 job additions in May.

Meanwhile, data from the Department of Labor showed nearly 1.86 million continuing unemployment claims were filed in the week ending June 29, up from 1.83 million the week prior. This marked the ninth straight week where continuing claims have risen.

The largest job increases in Friday's report were in government employment, which added 70,000 jobs in June. Meanwhile, healthcare employment added 49,000 jobs, lower than the average monthly gain of 64,000 over the last twelve months.

https://finance.yahoo.com/news/june-jobs...whfEGGmSug

In sum: unemployment increased to the highest level in almost three years , unemployment claims have increased over the past several months, and the largest share of job growth occurred in the government sector.

The weakness indicates a Fed rate cut despite stubborn inflation well above the target 2% rate.

An aside, rather than use the blunt instruments used by Feds to tame inflation, there are better ways. Namely, control government spending over a period of time by prioritizing and via efficiency and implement policies fostering productivity and innovation.

(07-05-2024 09:08 AM)Ohio Poly Wrote:  Nice try.

"https://www.politico.com/news/2024/07/05/us-added-206-000-jobs-in-june-in-a-sign-of-continued-economic-strength-00166606"

Not sure what you're going for since the article agrees with the original OP posted article. So, the estimate was wrong, no surprise there, and the next estimate was sharply revised downward. That's not helping your case, at all.

Quote:Last month’s job growth did mark a pullback from 218,000 in May. But it was still a strong gain, reflecting the resilience of America’s consumer-driven economy, which is slowing but still growing steadily.

Quote:Friday’s report from the Labor Department also showed that the unemployment rate ticked up from 4% to a still-low 4.1%. And the department sharply revised down its estimate of job growth for April and May by a combined 111,000.

(07-05-2024 07:39 AM)green Wrote:  

Quote:The US labor market added more jobs than expected in June, while the unemployment rate unexpectedly rose to its highest level since November 2021. ...

Meanwhile, unemployment rose to 4.1%, up from 4% the month prior. June's job additions showed a decline from the 218,000 jobs added in May, which were revised lower from a previous reading of 272,000 jobs gained.

https://finance.yahoo.com/news/june-jobs...whfEGGmSug

SOFT SELL

Usually someone else posts these here as soon as they come out. Wonder why this one wasnt considered post "worthy".

(07-05-2024 09:22 AM)ericsrevenge76 Wrote:  A record number of working age adults are not working, not looking for work and have no plans to work in the next year. These people are not counted in the unemployment rate.

The "REAL unemployment rate" in May was around 24.5%

The "unemployment rate" is the single fakest number the government puts out.

Thank you for the REAL TRUTH

Breath of fresh air amidst a mountain of Government LIES AND COOKED NUMBERS

The basics
Start with an apparently straightforward question: What share of Americans work? The simplest answer is that around 46 percent of all Americans have full- or part-time jobs.

https://www.minneapolisfed.org/article/2...the-basics

https://bipartisanpolicy.org/blog/why-ar...t-of-work/

Too many Americans don’t or won’t work

4% ? Just another Government LIE