Arrr! In July, the crew be findin' only 114K new mates, whilst the scallywags be jumpin' into unemployment!
2024-08-02
Arrr matey! In the month of July, the seas o' work grew chilly, with only 114,000 brave souls findin’ plunder, far shy of the 175,000 forecasted booty. Meanwhile, the unemployment curse be risin’ to 4.3%, the highest since the days of October 2021. Avast! What a shiverin' tale!
Ahoy, me hearties! Gather 'round, fer I bring ye tidings from the shores of the U.S. labor seas! In the month of July, the winds of fortune blew fair less strong than a landlubber’s sneeze, as job growth be takin' a sharp dip. A mere 114,000 crew members were added to the ranks, fallin' short of the anticipated bounty of 175,000, as prophesied by them so-called economists at LSEG.But that be not all, ye salty sea dogs! The unemployment rate, that scallywag of a figure, rose unexpected-like to 4.3%, causin' more than a few brows to furrow. 'Twas a rise not seen since the days when the sea was calm in October of 2021! Aye, they thought it would hold steady at a meager 4.1%, but lo and behold! The tide turned, and the jobless sailors found themselves adrift.
So, as we hoist our flags and set sail, let us ponder the mysteries of the labor market. Will the winds shift once more, or shall we be left stranded on the shores of unfulfilled employment? Only time will tell, me mateys, but for now, it seems the treasure be buried deeper than a pirate's secrets!