#trumpcession

2 posts · Last used Jul 02

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Nonilex @Nonilex@masto.ai · Jul 02, 2026
#US #economy added just 57,000 #jobs in June — far below expectations — amid elevated #inflation, global turmoil US employers pulled back on hiring last month & added only 57,000 jobs, less than half the previous month’s total & a sign companies still have a cautious economic outlook. #labor #CostOfLiving #affordability #trumpcession #recession #trump https://apnews.com/article/jobs-economy-hiring-labor-49c7a993b394e6ae3f801c8e3c0d39dd
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Nonilex @Nonilex@masto.ai · Jul 02, 2026
Replying to @Nonilex@masto.ai
The #Labor Dept said Thurs that the #unemployment rate declined to 4.2% from 4.3% in May, though the decline mostly occurred because many people out of work gave up looking & were no longer counted as unemployed. The figures suggest companies remain wary of the #economy’s health, with #inflation at a 3-year high & consumer confidence near post-pandemic lows. The #jobs gains initially reported in April & May were also revised lower. #CostOfLiving #affordability #trumpcession #recession #trump
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