BLS Jobs Report misses, 73,000 jobs added, UE rises to 4.2%, May June revises way down (-258,000) [View all]
Job growth screeches to a halt, 73,000 jobs added. UE rises to 4.2%
https://www.bls.gov/news.release/empsit.nr0.htm
"Revisions for May and June were larger than normal. The change in total nonfarm payroll employment
for May was revised down by 125,000, from +144,000 to +19,000, and the change for June was revised
down by 133,000, from +147,000 to +14,000. With these revisions, employment in May and June
combined is 258,000 lower than previously reported."
This is a no good and very bad report.
We added 106,000 jobs total the last 3 months! That is awful. The job market is in real trouble,
19,000
14,000
73,000
Those are the worst jobs numbers since the Covid recession. If Biden had posted any 3 months close to this bad he would have gotten hammered for weeks about it in the media. This is no joke, jobs growth cratered and isn't even close to keeping up with population growth.
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