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https://www.reuters.com/world/us/us-job-growth-misses-expectations-june-unemployment-rate-falls-42-2026-07-02/

U.S. job growth slowed sharply in June and payroll gains for the prior two months were revised lower, pointing to a cooling labor market and prompting financial markets to dial back expectations for a near-term interest rate hike from the Federal Reserve.

While the Labor Department's closely watched employment report on Thursday showed the unemployment rate dropped to 4.2% last month from 4.3% in May, that was due to 720,000 people leaving the labor force, which pushed down the participation rate to the lowest level in more than five years.

Some economists said the bigger-than-expected slowdown in job growth was likely a delayed response to the Middle East conflict, which has raised gasoline prices and boosted inflation. They pointed to a 61,000 drop in leisure and hospitality payrolls, the largest since the pandemic, which the government said reflected "weaker than usual seasonal hiring."

Though gasoline prices have dropped below $4.00 a gallon amid a fragile ceasefire between the U.S. and Iran, prices at the pump remain above the national average retail price of $2.98 before the war started at the end of February. Economists said Americans could be eating out less as a result.

The establishment survey also showed the economy created 74,000 fewer jobs in April and May than previously reported.
>>
>>1522535
How it always goes, they claim they've gotten a record high amount of jobs based on preliminary data that came to someone in a dream, then revise the numbers to show what everyone else already knew after the news cycle moves on. Except this time their streak is so bad that the news hasn't moved on.
>>
>>1522559
The number of jobs created doesnt matter when unemployment is at 4% or less. What matters then is wage growth.
>>
>>1522588
>The number of jobs created doesnt matter when unemployment is at 4% or less
Okay, but *is* the unemployment rate actually at 4% or less when plenty of "employed" people are just doing low pay gig work as a self-employed person or have stopped looking for a job entirely?

Also, wage growth is both down and below inflation.
>>
>>1522535
Why do they publish the job numbers in any language other than Spanish anymore?
>>
>>1522617
>Okay, but *is* the unemployment rate actually at 4% or less when plenty of "employed" people are just doing low pay gig work as a self-employed person or have stopped looking for a job entirely?

Its worse than you think. The unemployment rate only went down due to something like 720,000 people retiring.

The real unemployment rate is closer to the U6 rate of 8%

And don't forget that wages remain flat while costs of everything goes up so even those with jobs are watching their purchasing power shrink.

But the dow is at record highs and the billionaires and their cult buddies have never been wealthier. Truly the neo-gilded age.
>>
>>1522588
>labor force participation rate 5-year low
Is participation too big a word for you so you just ignore it?
>>
>>1522617
>Okay, but *is* the unemployment rate actually at 4% or less when plenty of "employed" people are just doing low pay gig work as a self-employed person or have stopped looking for a job entirely?
Like I said: this is why wage growth matters.

>Also, wage growth is both down and below inflation.
Yes.

>>1522639
Thats an entitlement/welfare issue not economy issue.
>>
>>1522644
>Like I said: this is why wage growth matters.

Shit is brutal right now. Everyone is barely getting by.
>>
>>1522535
This is clearly the result of Biden’s economy. Trumps economy will be apparent after November when everyone (including even the traitorous libs) will reap the rewards. Don’t be fooled by Biden’s mistakes folks!
>>
>>1522663
You read it right here. Trump is THAT weak and ineffective!
>>
>>1522660
>Shit is brutal right now. Everyone is barely getting by.
Yes, thats the dem talking point.

>>1522664
Anon, I recall that during Trumps first term when things were good y'all we're saying it was Obama's economy. The during Biden when things were bad y'all we're saying it was Trumps economy.

Either the economy the President enjoys in the present is his, or its not. You cant have it both ways.
>>
>>1522671
>facts are dem talking points
Yes.
>>
>>1522671
god you're esl
>>
>>1522673
Not an argument.
>>
>>1522671
>Yes, thats the dem talking point.
Reality? Yes, that's correct.
>Either the economy the President enjoys in the present is his, or its not. You cant have it both ways.
You can if a president fucks the economy badly and quickly enough, and/or does so much damage in a first term that it's still struggling in the second.
>>
>>1522588
but they change the definition of "unemployment" all the time. They literally change it every 2-3 years. It's been that way since they started keeping numbers. Generally they change the definition of "the labor force" to make the UE number look better (or worse for your opponent)
>>
>>1522663
>Biden was president in 2020

This is what MIGAtards literally believe. They put the pandemic, the lockdown, the market crash, and even the vaccine on Biden. Trump was POTUS for all of that. Especially the vaccine.

Operation Warp Speed anyone?
>>
>>1522683
What was the rate of inflation during 2020?
>>
>>1522684
what was the pandemic trump pretended didn't exist in 2020?
>>
>>1522681
Trump admin is stabilizing the Biden era economy.
>people are struggling
Yes. But they are struggling less than they were under Biden and in a couple years things will have normalized.

>I can have it both ways!
Not if you're intellectually honest.

>>1522682
The Obama admin was the last one to change how unemployment was measured.

>>1522683
Trump left office with near zero inflation. Biden got it up to 10%. These are the facts.
>>
>>1522689
so do you get the weekend off, esl shill? probably not, huh
>>
>>1522689
>Yes. But they are struggling less than they were under Biden
No.
>Not if you're intellectually honest.
He said, while misquoting and ignoring the point being mad.
>>
>>1522693
He proves you are a complete liar and you call him an ESL shill
You're a broken record
>>
>>1522712
>he
you aren't slick, samefagging esl shill. i expect you to be here for humiliation duty all weekend
>>
>>1522713
Why do you think everyone who disagrees with you is one person?
>>
ESL shill thinks he is so slick asking a direct question and expecting a response. Doesn't he know I will just call him a russian or a pedo defender or a billionaire cocksucker? I don't dignify ESL shill with a response
>>
>>1522687
https://i.imgur.com/cCgEfoN.jpeg
If anyone is curious what the inflation rate was during 2020 when Trump was dealing with COVID 19 compared to the catastrophizing of Joe Biden
>>
>>1522752
god you're esl. do we need to remind you what "text only" means, esl shill
>>
>>1522713
Stephen Miller, evil retarded jew
Howard Lutnik, evil retarded jew that was suppose to die on 9/11 but got the call not to go into the office that morning
Larry Fink, blackrock demon jew we'd all like to see jump from a burning tower then liquify when his lardass jew body slammed into the pavement at terminal velocity.

These are the jews tourturing us
>>
>>1522717
>pedo defender or a billionaire cocksucker?
Says the paid shill that defends child rape
>>
>>1522769
Who would pay people to post on 4chan
>>
>>1522753
You never have an argument. You never have anything to add. You just type "god you're esl" or some variant thereof, over, and over, and over, all day every day.

The autistic repitition is one thing, but the fact that you're seemingly here 24/7 is really quite depressing. Like, its the Friday before Americas birthday and you're here wearing out three keys on your keyboard. Lol. LMAO even.
>>
>>1522768
Yes fuck these demonic jews
>>
>>1522770
Jews push their agenda on 4chan
>>
>>1522771
>multiple people can't be calling me out for being a retard, it has to just be one person
Nope, you're a retarded esl shill and everyone can see it
>>
>>1522814
>n... no its multiple people!
no, its just you pulling 24/7 shifts because your life is a dumpster fire so you hide here and vent your frustrations on people who are trying to talk about the news.
>>
>>1522817
Keep crashing out about it, esl shill
If it helps to pretend we're all the same person, we'll fuel your delusion
>>
>>1522814
The jews are the real ones messing with you. Make then pay
>>
>>1522813
>>1522836
Jews are spreading disinfo on 4chan, but the rich christian whites are dismantling your government and bleeding the nation dry.
>>
>>1522535
I can’t tell is this chart showing number of immigrants or the number of pedofiles in America?
Why did you hide the unit on the chart?



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