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 [email protected] to c/[email protected]
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[–] [email protected] 11 points 4 months ago

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.

[–] [email protected] 11 points 4 months ago

Naturally, the stock market goes up on this sort of news

[–] [email protected] 13 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.

[–] [email protected] 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.

[–] [email protected] 14 points 4 months ago

Yayyy everyone got a second job :D this must mean economic prosperity for the people