⚠️The US private sector employment is in a recession

Sponsored by

WHY SUBSCRIBE?

The Bureau of Labor Statistics (BLS) estimates the US economy created 147,000 jobs in June, according to a report released July 3. This was above Wall Street’s expectations of 111,000.

Private payrolls rose by 74,000 jobs, the least since October 2024 and were driven by health care.

The unemployment rate fell to 4.1% from 4.2%, below the estimates of 4.3%. The unemployment rate for Black workers jumped to 6.8% in June, reaching its highest level in 4 years. Meanwhile, rates for adult women and White workers declined to 3.6% each. Jobless figures for adult men held steady at 3.9%, while Asian workers maintained a 3.5% rate. Hispanic unemployment showed little change at 4.8%, and teenage workers remained the highest at 14.4% with minimal monthly movement.

These are initial and imprecise estimates and are subject to subsequent revisions.

At first glance, this data suggests the job market is strong, and it was a hot report. However, the real picture is completely different.

Behind the paywall, you will find out the full analysis of the US labor market, including forward-looking indicators, job openings, and layoffs data.

FREE REPORT EXAMPLE UNDER THE FIRST LINK BELOW

Links to the previous months’ reports are below.

JOB NUMBERS WILL BE REVISED DOWN MASSIVELY

Subscribe to Global Markets Investor to read the rest.