Today, the United States unemployment data was released at 4.1% versus the expected 4.2%, the lowest in 14 months.
This suggests the labor market is strong, but that’s not actually the case.
The U.S. economy lost -23,000 jobs in July while expectations were +80,000.
The private sector added 30,000 jobs versus expectations of 78,000.
So, although the unemployment rate is falling, last month saw more people lose their jobs.
And the Fed doesn’t raise interest rates when the labor market is weak, because that would make things worse.
#45NgayTuDoTaiChinh
This suggests the labor market is strong, but that’s not actually the case.
The U.S. economy lost -23,000 jobs in July while expectations were +80,000.
The private sector added 30,000 jobs versus expectations of 78,000.
So, although the unemployment rate is falling, last month saw more people lose their jobs.
And the Fed doesn’t raise interest rates when the labor market is weak, because that would make things worse.
#45NgayTuDoTaiChinh