Oh Sh*t, The Job Market Just Broke

Unemployment in the US is now steadily moving higher. The June 2024 employment report contained more substantial downward revisions, evidence more employers are cutting hours, and most concerning is another increase to the unemployment rate. And, contrary to many claims, it's not the "good" kind of rising unemployment.Eurodollar University's conversation w/Steve Van MetreBLS Employment Situation Summary June 2024https://www.bls.gov/news.release/empsit.nr0.htmBloomberg The US Economic Slowdown Is Looking More Threateninghttps://www.bloomberg.com/opinion/articles/2024-07-05/us-jobs-report-economic-slowdown-is-looking-more-threateningFOMC June 2024 Minuteshttps://www.federalreserve.gov/monetarypolicy/files/fomcminutes20240612.pdfhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU