TSX:AX.PR.E - Post by User
Post by
Torontojayon Jun 07, 2024 9:36am
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Post# 36077240
Us jobs number
Us jobs number Something doesn't add up here: All of the headlines say that the US economy added 272,000 jobs in May. However, when you dig deeper into the data you can see that full-time employment actually FELL by -625,000. Meanwhile, part-time employment rose by 286,000 along with the unemployment rate to 4.0%. This is the biggest drop in full-time employment since December 2023. It's also the first month with 4.0%+ unemployment since February 2022. How is this a "strong" labor market? https://x.com/KobeissiLetter/status/1799063206721413170?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet