>>20487153>272,000 jobs added, 50% of which came from in health care, government, and leisure & hospitality >unemployment rate increased from 3.9% to 4% despite a decrease in labor force participation from 62.7% to 62.5%>level of people who reported holding jobs fell by 408,000>full-time work declined by 625,000 while part time increased by 286,000 >previous months revised down by 5,000 (march) and 1,000 (april)I agree with
>>20487184 this reads as real jobs steadily dying while bullshit jobs and short-term/summer stuff is filling in the gap
anyone can see picrel and observe the obvious warning sign as to what lies ahead, but read/watch any news and they'll find some way to twist it into overly bullish sentiment
>dude that jobs report was hot! look how much we keep adding!>dude unemployment going up is what the fed wants! inflation will decline and then we get rate cuts triggering the next rally!