Yayyy everyone got a second job :D this must mean economic prosperity for the people
this post was submitted on 06 Jul 2024
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June jobs report: US labor market adds 206,000 jobs, unemployment rate rises to 4.1%
(finance.yahoo.com)
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.
Naturally, the stock market goes up on this sort of news
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.