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.
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)
Naturally, the stock market goes up on this sort of news
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.
Yayyy everyone got a second job :D this must mean economic prosperity for the people