All it shows me is continued slow GDP growth. You grow your way out of a pending recession, not wallow in the mire of your own design and hope people take it as the new normal.Even ultra conservative WSJ loves the report:
The latest jobs report put an end to a streak of hiring data topping economists' expectations. That doesn't mean the economy is headed for a downturn.
The June report paints a picture of a labor market that is still historically tight, with the unemployment rate hovering around some of the lowest levels ever. Ronald Temple, chief market strategist at Lazard, points out that the U.S. has been adding jobs at a clip rarely seen pre-pandemic.
"The last time the U.S. created this many jobs per month over a six-month period pre-pandemic was 1999," Temple said in emailed comments.
And some investors said they are positioning for the latest stock market rally to continue, a wager that the bull market may just be getting started.
"We don't see the recession" in the data, said Julien Stouff, founder of hedge-fund firm Stouff Capital in Geneva.
The Jobs Report Missed Expectations. Don't Bet on a Recession Just Yet.
The latest jobs report put an end to a streak of hiring data topping economists' expectations. That doesn't mean the ecowww.wsj.com