Arrr! In July, we be addin’ only 114,000 scallywags to the crew, while the unemployment sails to 4.3%!
2024-08-02
Arrr matey! In the month of July, the ship of job growth be sailin’ slower than a drunken sea turtle! Only 114,000 hearty souls found work, and the unemployment rate be risin’ like a ghost ship, now at 4.3%! The treasure of prosperity be hidin’, I tell ye!
Ahoy there, mateys! Gather 'round as I regale ye with news from the landlubbers of the U.S.A. It seems the winds of fortune be blowin' a tad slow this July, for the job growth hath stumbled like a drunken sailor on shore leave!The Labor Department, those scallywags of statistics, be tellin' tales of but 114,000 jobs added to the nonfarm payrolls—down from a reeky 179,000 in June! Aye, and this be fallin' short of the lofty expectations set by the land-based Dow Jones fortune tellers, who be predictin' a bounteous 185,000. 'Tis a right sorry state for the crew!
But wait, there’s more! The unemployment rate be inchin' higher, now sittin' at a troublesome 4.3%, the worst it’s been since the days of grog and gold in October 2021. Yarr, this only stirs the pot o' fear about a broader economic tempest brewin' on the horizon. Those merchant traders be shiverin' in their boots, wonderin' if the good ship Economy be headin' for stormy seas!