Posted on 07/05/2024 9:52:47 AM PDT by ChicagoConservative27
The uptick in the June unemployment rate along with significant downward revisions in the job additions for April and May are the latest signs that the economy may be slowing down under high Federal Reserve interest rates.
The Friday numbers from the Labor Department showed the unemployment rate increasing to 4.1 percent in June from 4 percent in April, the third month in a row of 0.1-percentage point increases.
Jobs added to the economy in May were revised down to 218,000 from 272,000 and in April to 108,000 from 165,000.
While the economy added a healthy 206,000 jobs in the first estimate for June and while a 4.1-percent unemployment rate is low in absolute terms, the softer employment numbers for June highlight recent cautionary positions from the Fed’s interest rate-setting committee about future risks to employment levels.
(Excerpt) Read more at thehill.com ...
The corrections are always buried of course
No!!!!!!!
It is almost as if the regime has decided it is time for Biden to go...
111,000 combined for April & May-—DOWN.
THE BIDEN UNEMPLOYMENT NUMBERS HAVE BEEN PURE FICTION FROM THE FIRST DAY.
Time for a rate cut......
Since the government always has to revise the jobs numbers a month or two after a month’s report comes out, perhaps the government should always announce a month’s numbers two or three months later. That way, there will be no lying about the monthly jobs numbers.
Time for a rate cut......
Inflation still above target but we are getting closer. Maybe September.
Job number were revised down.........
Drink!
Just before election: biggest job surge, records for recovery broken, inflation down, Americans upbeat about economy in survey, Biden gets credit.
After: New records and major corrections show the big recession had already started during Biden. Computer glitches blamed for false statistics reported.
That’s right and as bad they are the inflation numbers are BS too because the damn MSM let the bastards take food and fuel out of the calculation
Cooling?
🥶
Hey Ya
song by Outkast (and one of my all time favorite songs)
Hey! Alright now
Alright now, fellas (Yeah?)
Now, what cooler than being cool? (Ice cold!)
I can’t hear you
I say what’s, what’s cooler than being cool? (Ice cold!)
A teensy-weensy uptick in unemployment numbers combined with the humungous increase in the previous two months’ teensy-weensy unemployment numbers. Joe Biden definitely has the situation under control.
Temporary worker employment was steady during the Trump administration and then collapsed during the COVID-19 shutdown. It had mostly recovered by the end of President Trump's term, peaked after one year of Biden's term, and has been in steady decline since then.
Once businesses are done releasing their temporary workers, their permanent workers are next.
Unemployment is starting to creep back up.
-PJ
Time for general price cuts.
Time for some overpriced products to quit being sold, period.
Time for for products to be restored to their former quality.
Time for honesty to be restored, but that’s going to be a tough one.
“May be cooling?” Now THAT’S rich! The rodent media has a way with words doesn’t it?
As usual, we lost full time jobs and gained part time jobs. It’s enough to make one wish for the competency and great economy of the Carter years, relatively speaking of course.
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