Jobs Friday! Only 209k Jobs Added In June, Avg Hourly Earnings Rises 4.4% YoY, Too Bad Core CPI YoY Still At 5.3%! (Silver UP Almost 2% This AM)

Confounded Interest ^ | 07/07/2023 | Anthony B. Sanders

[Kaiser8408a]

After yesterday’s surprise ADP jobs report, I was expecting a better June jobs report. But alas, today’s job report was a disappointment. Only 209k jobs were added in June.

On the other hand, average hourly earnings YoY rose slightly to 4.4%. Too bad core inflation at the last reading was 5.3% YoY.

Here is the rest of the story:

Silver is up almost 2% this AM!

[Kaiser8408a]

Bideomics at work!

[gov_bean_ counter]

Once the jobs the Trump economy created are refilled, new jobs numbers will tank