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)
submitted 4 months ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml
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[โ€“] freagle@lemmygrad.ml 14 points 4 months ago (1 children)

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.

[โ€“] yogthos@lemmygrad.ml 12 points 4 months ago

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.