U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower | Metals Mine

  • U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower

    From cnbc.com

    Nonfarm payroll growth was slower than expected in July and the unemployment rate ticked higher, raising potential trouble signs for the U.S. labor market. Job growth totaled 73,000 for the month, above the June total of 14,000 but below even the meager Dow Jones estimate for a gain of 100,000. June and May totals were revised sharply lower, down by a combined 258,000 from previously announced levels. At the same time, the unemployment rate rose to 4.2%, in line with the forecast. The June total came down from the previously stated 147,000, while the May count fell to just 19,000, revised down by 125,000. Stock ... (full story)

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Polimini
Aug 1, 2025 9:13am
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when you do a revision like that, you are just playing with fire, no one will ever trust these numbers again as long as the orange clown is in charge.

OMG the US is so cooked.
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Trader#8378
Aug 1, 2025 8:11am
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This unemployment rate number is the biggest bullshit ever. "We need to change how we calculate the unemployment rate, because the the prior method would reveal that economy fuc'ing sucks."
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Trader#EAB2
Aug 1, 2025 8:23am
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Long everything
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