The number of unemployed Americans is approaching 7 million#MacroEdge pic.twitter.com/0VysBJ5m6N
β MacroEdge (@MacroEdgeRes) July 5, 2024
πΊπΈ US full time employment -1.551 million YoY.
ππ» πΏπ²π°π²πππΆπΌπ» ππ²πΏπΏπΆππΌπΏπ! pic.twitter.com/KXWlzWRDoc
β Alex Joosten (@joosteninvestor) July 5, 2024
US unemployment rate for June is now 4.1%, above expectations of 4%
β unusual_whales (@unusual_whales) July 5, 2024
JUST IN: The unemployment rate has ticked up to 4.1%, going over 4% for the first time since November 2021.
β 74% of jobs added last month came from government and healthcare education.
β May jobs were revised down from 272K to 218K.
β April jobs were revised down from 165K toβ¦ pic.twitter.com/gHtXhW9EtP
β Collin Rugg (@CollinRugg) July 5, 2024
Since June 2023, the US has added 1.8 million part-time jobs and lost 1.6 million full time jobs pic.twitter.com/bNrhB0BMnk
β zerohedge (@zerohedge) July 5, 2024
The YoY trend in full-time jobs is running at -1.2%, a big swing from +1.7% a year ago and +5.1% two years back. This not only represents a significant loss of momentum but is a fool-proof recession indicator. There is nothing soft about this landing. pic.twitter.com/SMxyGW2osC
β David Rosenberg (@EconguyRosie) July 5, 2024
Here is a look at US job openings at hotels/restaurants/bars and retail. pic.twitter.com/4qLmGz3nSn
β (((The Daily Shot))) (@SoberLook) July 3, 2024
American Unemployment Rises to the Highest Level Since November 2021
TheΒ new jobs reportΒ from the Department of Labor revealed that Americaβs unemployment rate has increased to 4.1 percent,Β its highest level since November 2021, despite the fact that 206,000 jobs were added to the economy.
CNBC provided a graph to visualize the rise in joblessness. Economists had predicted that the unemployment rate would stay at 4.0 percent, and with this upset the Federal Reserve policymakers may change course.