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Deeper Dive Into Government Jobs Report Shows All Inflation Gauges Getting Worse

by The Epoch Times
July 9, 2022
in Economy
Deeper Dive Into Government Jobs Report Shows All Inflation Gauges Getting Worse

People shop at a grocery store in New York City on May 31, 2022. (Samira Bouaou/The Epoch Times) Although U.S. employers added far more jobs in June than analysts expected and the unemployment rate remained at 3.6 percent, some experts say that a closer look at the data reveals that the metrics the Fed looks at to gauge whether inflation is slowing down have all deteriorated.

The closely-watched non-farm payrolls report, released on July 8 by the Bureau of Labor Statistics (BLS), showed that the U.S. economy added 372,000 jobs last month, well above the market estimate of 250,000.

The jobs […]

Read the rest of this story here: www.theepochtimes.com

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