the staff of the Ridgewood blog
Washington DC ,(8:37am) total nonfarm payroll employment increased by 339,000 in May, and the unemployment rate rose by 0.3 percentage point to 3.7 percent, the U.S. Bureau of Labor Statistics
reported today. Job gains occurred in professional and business services, government,
health care, construction, transportation and warehousing, and social assistance.
This news release presents statistics from two monthly surveys. The household survey
measures labor force status, including unemployment, by demographic characteristics.
The establishment survey measures nonfarm employment, hours, and earnings by industry.
For more information about the concepts and statistical methodology used in these two
surveys, see the Technical Note.
The unemployment rate increased by 0.3 percentage point to 3.7 percent in May, and
the number of unemployed persons rose by 440,000 to 6.1 million.
Take the Wall Street Walking Tour https://www.facebook.
So, are we coming out of the recession that never occurred?
or are these just more false numbers that will be “quietly adjusted” next month?
the “media” has been promoting and agenda that has not materialized
Unemployment rate rose higher indicating that although many new jobs were created still more lost jobs. So although we are not in a recession the economy is churning and slowing (capitalism working). If inflation continues to decline we have a decent chance of avoiding a recession.
Wake up.
We ARE in a Recession.