I’m Calling BS on the Second Straight Amazing Jobs Report, Understanding Why – Mish Talk

BLS Jobs Statistics at a Glance

Total nonfarm payroll employment rose by 528,000 in June, and the unemployment rate dipped 0.1 percentage points to 3.5 percent, the US Bureau of Labor Statistics reported today.

Job growth was widespread, led by gains in leisure and hospitality, professional and business services, and health care. Both total nonfarm employment and the unemployment rate have returned to their February 2020 pre-pandemic levels.

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