US unemployment dipped, but more people left the workforce: What's going on in the job market? | Metals Mine

  • US unemployment dipped, but more people left the workforce: What's going on in the job market?

    From finance.yahoo.com

    June's gain of 57,000 jobs failed to meet economists' expectations, with payroll growth cooling after months of growth. Still, the labor market appeared to be on steady footing, with the unemployment rate sliding to 4.2%. But look under the hood of Thursday's jobs report, and there's some evidence that this remains a tough — or at least weird — labor market for job-seekers. Long-term unemployment — the measure of those who have been out of work at least 27 weeks as a share of the total number of jobless people — dipped a tad in June but is holding above 27%. Outside of the COVID-19 pandemic and recovery, ... (full story)

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Trader#A8F5
2 hr 20 min ago
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Every administration is smoke and mirrors,
The protection of optics is key, so use revisions as the truth, throw a low number to make focus go there and one in the revision side do some sleight of hand.

If you trade the market’s step back, grab some pop corn and see how the market moves according to liquidity.

If the pricing engine has to complete an order it has to move to where the order can be completed.
With this in mind one can see where the highest probability of a reaction exists.

Good luck all
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Trader#59E6
2 hr 41 min ago
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These numbers are loads of bullshit. Peter Schiff covered this thankfully, so I don't have to write this whole thing down myself.

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Trader#5693
2 hr 29 min ago
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Peter is here to sell gold if us economy good buy gold us economy bad buy gold from peterschiff.com
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Trader#E1BC
1 hr 38 min ago
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He's not wrong. He wasn't wrong about GFC when everyone laughed at him and he isn't wrong about gold now. You don't have to buy gold from him. However, buying gold in times like these when central banks are intentionally inflating (destroying the purschasing power of the currency while accumulating record amount of gold themselves) is extremely important. People look at gold as something to make profit on by buying at lower prices and selling at higher. People still do not fully understand that gold is their retirement, because by the time they retire they'll lose enormous amount of wealth through inflation. This is why wise people are buying physical gold.

Also, I wanted people to hear what a load of crap this jobs numbers are, but adding that they should buy gold is just a bonus.
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