According to Bureau of Labor Statistics, 224,000 jobs were added in June, well exceeding analysts’ expectations.
The unemployment rate inched up from 3.6 percent to 3.7 percent, but is still hovering around record lows, per the Washington Post.
The report seems to be at least a temporary balm to forecasters’ fears that a lackluster May performance indicated an economic slowdown.
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I’ll be interested to see what this gets adjusted down to. We’re just passing a full quarter with the bond yield curve inverted. Still time to batten down the hatches financially, good jobs report or no.
This is just fake. You can’t trust much of what this administration says. These are made up numbers.
Been like that for three months now. 2nd qtr GDP comes out in about two weeks. Expected to be just above 1%. Reality comin’ down the tracks! I know, “fake news … bad weather … outlier.” Hopefully the dumbasses will finally get it.
I put less relevance on these numbers than I have in the past. These numbers I anticipate, like so many of these numbers, will be followed by the revisions downward the next month, as numbers generally are these days. So hard to take anything that comes out of this maladministration as legitimate.
For a while now, we’ve had higher interest rates, higher commodity prices, higher gas prices, housing starts/prices dropping, lower manufacturing output, tighter inventories, and certain industries getting hit by tariffs. Whatever the data say, there is a bit of belt tightening across the board that suggests a slow down is coming if not already here in part.