nearly 400K were added
Posted on: July 8, 2022 at 08:51:54 CT
meatiger MU
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since unemployment rate was the same, would suggest that 400K came into the job market as well (which I think would increase participation rate).
Given that more and more people are self employed now (so would be considered out of the job market), it is a much tougher judge overall.
We are not seeing mass layoffs that we would usually see at this point in a recession, especially on the retail side, which seems to be taking the biggest hit overall.
Just general observations, not trying to blame or credit any politician.