[PMAS]

Bloomberg’s chief economist Anna Wong:

“May’s jobs report presented contradictory views of the labor market, as we expected. The establishment survey shows robust gains in nonfarm payrolls — yet the unemployment rate rose to 4.0%. We believe the latter currently offers a closer approximation of reality than payrolls, as BLS’ model for estimating business births and deaths – which added 231,000 jobs to the nonfarm-payrolls print in May – is lagging the reality of surging establishment closures and falling business formation. We think the underlying pace of current job gains is likely less than 100,000 per month.”

https://x.com/zerohedge/status/1799069471765922202?s=46&t=eVH48PcYab6vu6prwIzoOw

[mewzilla]

https://www.bls.gov/news.release/empsit.nr0.htm

The devil and Deep State are in the details.

[TwelveOfTwenty]

According to the A9 (* 1000)

Full time April 133,889
Full time May 133,264

Part time April 27,718
Part time May 28,004

I don't see how that comes out to a gain of 272,000.

[virgil]

You can’t trust the numbers they give out anymore.