July Jobs Report Disappoints, Unemployment Rises To 4.3%

August 02, 2024, 05:52:59 PM

July Jobs Report Disappoints, Unemployment Rises To 4.3%

[html]July jobs report is out and it’s weak, sending the stock market into a free fall. 114K jobs added: far below expectations. Unemployment up to 4.3% – the highest since late 2021. Wages up 3.6%, outpacing inflation at 3%. However, prices have risen over 19% since Biden took office. Inflation down from a record 9.1% two years ago, but still above the fed’s 2% target GDP shows growth. Government spending has been a big factor in propping up the economy[/html]

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