RE: 147,000 jobs added. A robust economy.
Posted on: July 3, 2025 at 11:42:18 CT
Seagull MU
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Almost half the June jobs created were non-productive government jobs. The 4.1% official unemployment rate is a joke. Before 1994, the BLS used a broader definition—more like today’s 7.7% U-6 rate, which better reflects reality. The labor market is weak. Don’t believe the hype.