Economy added 206,000 jobs in June: The key facts and figures

[mystery-ak]

Economy added 206,000 jobs in June: The key facts and figures
By
Zachary Halaschak
July 5, 2024 8:31 am
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The economy added 206,000 jobs in June, and the unemployment rate rose a tenth of a percentage point to 4.1%, the Bureau of Labor Statistics reported on Friday.

Investors had expected roughly 190,000 new jobs and for the unemployment rate to hold steady at 4%.


The interpretation

“The numbers still show resiliency in the labor market,” Brian Marks, executive director of the University of New Haven’s Entrepreneurship and Innovation Program, told the Washington Examiner. “Although the unemployment rate ticked up 4.1% we still see a growth in employment of 206,000.”

“We’re seeing a stable yet weakening or a cooling economy,” he added, noting that the Fed will likely hold interest rates steady at its next meeting.


What it means for…Biden

The report is welcome news for President Joe Biden, who is suffering from high disapproval ratings related to his handling of the economy. Biden is running low on time to turn around voter perceptions of his handling of the economy before the election.

Friday’s report shows the economy is still adding jobs, and in a welcome development, the employment numbers came in better than expected.

more
https://www.washingtonexaminer.com/policy/finance-and-economy/3070005/economy-added-206000-jobs-in-june-the-key-facts-and-figures/

[Wingnut]

Economy added 206,000 jobs in June

Yeah right.  Does anyone believe that?

Nah, didn't think so.

[LMAO]

The economy could’ve added 10 million jobs in June and it still won’t erase Biden’s dwindling mental capacity and competence

[catfish1957]

The fact every reported number gets unfavorably revised in 2 months should give everyone the clue, any 1st report from Pedo Joe's crew is bogus.

[LMAO]

Downward revisions in economic news have  been more the norm in the last decade or so

https://www.nbcnews.com/news/amp/ncna1046156

And Obama‘s economy ended as one of the slowest so-called recoveries since the end of World War 2

[catfish1957]

Downward revisions in economic news have actually been more the norm in the last decade or so

https://www.nbcnews.com/news/amp/ncna1046156

We are talking Trump, from this clip.  Not surprised.  Before...  say ''70's- '00's. these numbers were randomly off, and were treated truly like prelim numbers.  In the past 20, the powers that be realized that these annoucements were Page 1, and updates, page 12. 

[mystery-ak]

 Published July 5, 2024 8:44am EDT
U.S. economy adds 206,000 jobs; April, May revised down
The U.S. unemployment rate ticked up to 4.1%

FOXBusiness


U.S. employers added 206,000 jobs in June, more than expected and slightly below the revised 218,000 added in May, a sign the labor market remains solid. The unemployment rate ticked up slightly to 4.1% vs. 4%.

This as both April and May data points were adjusted lower by a combined 111,000, signaling fewer jobs created. This may please the Federal Reserve, which is looking for signs inflation is easing.

U.S. stocks rose following the report.

more
https://www.foxbusiness.com/economy/economy-adds-206000-jobs

[bigheadfred]

Published July 5, 2024 8:44am EDT
U.S. economy adds 206,000 jobs; April, May revised down
The U.S. unemployment rate ticked up to 4.1%

FOXBusiness


U.S. employers added 206,000 jobs in June, more than expected and slightly below the revised 218,000 added in May, a sign the labor market remains solid. The unemployment rate ticked up slightly to 4.1% vs. 4%.

This as both April and May data points were adjusted lower by a combined 111,000, signaling fewer jobs created. This may please the Federal Reserve, which is looking for signs inflation is easing.

U.S. stocks rose following the report.

more
https://www.foxbusiness.com/economy/economy-adds-206000-jobs

From the article:  Hiring was the strongest for government, social assistance and healthcare, while the retail and manufacturing sectors shed workers. 

Not sure what all the cheering is about?

[LMAO]

From the article:  Hiring was the strongest for government, social assistance and healthcare, while the retail and manufacturing sectors shed workers. 

Not sure what all the cheering is about?

Maybe something like this

https://m.youtube.com/watch?v=wjSDCIXChfA&pp=ygUvSm9lIEJpZGVuIHRlbGxzIEpvZSBCaWRlbiBoYWQgYSBnb29kIGpvYiBoZSBkaWQ%3D

Dementia patients don’t do well with bad news and stress


The most unproductive job in the world is a government job. I know some people who work for the government and they’re good people.

But their jobs produce nothing for the economy. They are a net drain. Part of the reason why many of us have been pushing for the reduction in the size of government. Not just on the federal level, either