Unexpected!
Posted on 08/02/2024 8:51:38 AM PDT by Tipllub
U.S. job growth cooled sharply in July while the unemployment rate unexpectedly rose to the highest level in nearly three years.
The Labor Department reported Friday that employers added 114,000 jobs in July, missing the 175,000 gain forecast by LSEG economists. The unemployment rate also unexpectedly inched higher to 4.3% against expectations that it would hold steady at 4.1%.
(Excerpt) Read more at foxbusiness.com ...
Kamalanomics!
“unexpectedly”
Wait until the numbers are quietly, out of the headlines, revised.
During Democrat administrations, economic conditions are always far worse than the initial numbers indicate. During Republican administrations, it’s the reverse.
May and June revised down that makes 16 of last17.
DOW off 800+ pts. What a rousing endorsement of the Harris-Biden economic policies.
Once the Kamal hype is over the DOW will go back up.
Take government jobs out of “growth” and it’s even worse
I trust Labor Department Reports about as much as I trust Kimberley Cheatle, Joe Biden, Ronald Rowe, Nancy Pelosi, Chris Wray, Senator Durbin, Kamala Harris............just to name a few.
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