Posted on 08/02/2024 6:51:32 AM PDT by ChicagoConservative27
The U.S. added 114,000 jobs in July and the unemployment rate rose to 4.3 percent, according to data released Friday by the Labor Department.
Economists expected the U.S. to add 175,000 jobs and keep the jobless rate steady at 4.1 percent, according to consensus estimates.
The July jobs report comes two days after Federal Reserve officials hinted that they could begin cutting interest rates as soon as September. As both inflation and the U.S. job market keep cooling off, the Fed is aiming to bring rates down quickly enough to avoid a deeper slowdown, but slowly enough to keep prices under control.
An interest rate cut could give a slight boost to a U.S. economy that has powered through recession fears and high inflation for years after the pandemic.
Despite widespread fears of a recession, the U.S. economy has held strong throughout the Biden adminstration and appears to be in solid shape heading into the election.
(Excerpt) Read more at thehill.com ...
but it’s Summer jobs
Our family decided to cancel Christmas gifts this year.
CNN has a huge sad. The are trying to blame The Fed.
May 2024, native-born workers lost 463k jobs while foreign-born gained 414k jobs...
https://freerepublic.com/focus/f-bloggers/4242836/posts
This is how F’d up government numbers are...they expected 175,000 jobs, got 114,000 jobs (which will be revised down later) so they over estimated by 64,000 jobs and unemployment rose from 4.1 to 4.3 percent. Based on that 64,000 people represents .2 percent of the workforce but the labor department states there’s 167,000,000 in the workforce.
Nothing ads up.
Send illegals back to where they came.
The economic cycle still works, how about that.
Holy crap, if they’re releasing this information 3 months before the election, how bad are the real numbers?
INTEL laying off 15,000.
THE “JOBS REPORTS” are the most inaccurate item in the entire FED reports.
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