The June jobs report comes at a crucial moment as economists debate whether the US labor market is still normalizing to pre-pandemic levels or showing the early signs of a broader slowdown.
  • freagle@lemmygrad.mlEnglish
    0·
    4 months ago

    Monthly jobs reports are wildly inaccurate. They get adjusted annually in the autumn and we sometimes find that 90% of new jobs reported in one of the months just weren’t there.

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
      0·
      4 months ago

      Yeah, it could easily get downgraded going forward. Also worth noting that not all jobs pay a living wage, so people often end up getting multiple jobs as a result.

  • redsteel@lemmygrad.mlEnglish
    0·
    4 months ago

    Every time I see these reports, I think of how Porky doesn’t seem interested in hiring fucking anyone for the supposedly open jerbs that already existed. This shit is nothing more than porn for shareholders and investors.