The U.S. economy suffered an unexpected setback in July, as hiring fell sharply and the unemployment rate rose for the fourth straight month in a sign that higher interest rates may be taking a bigger toll on businesses and consumers.
Don’t forget that monthly job reports are highly inaccurate. They get audited and corrected in October for the 12 months prior. I saw a correction last year for California that showed 90% of jobs created in one month simple didn’t exist.
Oh yeah, this has been a consistent pattern that they put out inflated numbers then quietly correct them after. The fact that the numbers they’re putting out already look bad indicates that things are likely catastrophic at this point.
Don’t forget that monthly job reports are highly inaccurate. They get audited and corrected in October for the 12 months prior. I saw a correction last year for California that showed 90% of jobs created in one month simple didn’t exist.
Oh yeah, this has been a consistent pattern that they put out inflated numbers then quietly correct them after. The fact that the numbers they’re putting out already look bad indicates that things are likely catastrophic at this point.