U.S. shed jobs for the first time since last time PP was president.

Jarod

Jarod

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The unemployment rate just ticked up​

From CNN's Elisabeth Buchwald and Byron Manley
Friday’s jobs report painted a miserable picture of the labor market in practically every metric.

In addition to the weaker-than-expected monthly total of 22,000 jobs added last month and the revised June figures showing the economy shed jobs for the first time in five years, the unemployment rate ticked up to 4.3% from 4.2%.

That’s the highest the unemployment rate has been since October 2021.


 
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