http://twitchy.com/amy-curtis/2024/08/02/july-jobs-report-is-bad-n2399157
Biden has bragged the economy is great. Historic! Most job growth ever! Wages keeping up or outpacing inflation!
Right. It's all lies. June's numbers were bad, too, and July's are a disaster.
RNC Research (@RNCResearch) ~ JOBS REPORT: “MUCH WEAKER THAN EXPECTED.”
Unemployment shot up to 4.3% — the highest since October 2021.
Video ~ http://twitter.com/i/status/1819354356912738644
The Associated Press (@AP) ~ US added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll
http://apnews.com/article/economy-jobs-unemployment-federal-reserve-inflation-22095766804d9c1532b4fcc29565be49?taid=66acd623983783000189918a&;utm_campaign=TrueAnthem&utm_medium=AP&utm_source=Twitter
And here's more from the AP:
The U.S. economy suffered an unexpected setback in July, as hiring fell sharply and the unemployment rate rose for the fourth straight month as sustained higher interest rates take a toll on businesses and consumers.
Friday’s report from the Labor Department showed that employers added just 114,000 jobs in July – 35% fewer than forecasters had expected – and that unemployment, now up to 4.3%, is the highest since October 2021.
“Things are deteriorating quickly,’’ said Julia Pollak, chief economist at the job marketplace ZipRecruiter. The news shook financial markets around the world.
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The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
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