June Jobs Numbers Demolish Expectations



The June jobs numbers are in and they are eye-popping. Once again, the “experts” were so far off as to make one wonder what the point of having experts is. Initial estimates had job gains at 2.9 million. The real number turned out to be 4.8 million jobs added as the unemployment rate dropped to 11%.

Sectors that saw large gains included retail, healthcare, manufacturing, and professional services.

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