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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.
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.
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.
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.
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.