📉 Last week, the U.S. saw 217,000 new unemployment claims, surpassing expectations of 210,000. #USJobs #EconomicUpdate 🇺🇸📊📈

🔸 **Shocking Labor Market Stats** 🔸

📉 **Full-time employment** dropped by 1 million workers in August (YoY), marking the **7th consecutive monthly decline**.

📉 Since the June 2023 peak, the full-time job count in the US has fallen by **1.5 million**.

📈 **Part-time employment** surged by 1 million in August (YoY).

📉 The number of **permanent job losers** increased by 324,000 (YoY), reaching **2.5 million**, the highest since November 2021.

📈 This marks the **16th straight month of part-time job gains**, the longest streak since the **2008 Financial Crisis**.

How does this reflect a "strong" labor market? 🤔

#LaborMarket #EconomicTrends #USNonFarmPayrollReport #EmploymentStats #USJobs #NeiroOnBinance #USRetailSalesRise

📉 Latest Update by Al Crypto: 📈

🇺🇲U.S. Unemployment for April rises to 3.9%, slightly above expectations. Job growth slowed, and annual wage increase dipped below 4.0%. Despite this, the labor market remains relatively tight.

Stay tuned for more insights and market implications! 🇺🇸💼 #USJobs #EconomicUpdate 📊📈

🚨BREAKING🚨

🇺🇸US Unemployment Rate climbs to levels not seen since 2021 👀

US economy adds 114,000 jobs in July, BELOW expectations of 176,000.

The unemployment rate rose to 4.3%, ABOVE expectations of 4.1%.

The labor market is beginning to crack 🩸🩸

#UnemploymentRate #USJobs #Economics

🚨 𝙐𝙎 𝙇𝙖𝙗𝙤𝙧 𝙈𝙖𝙧𝙠𝙚𝙩 𝘾𝙤𝙤𝙡𝙨 𝙞𝙣 𝙅𝙪𝙡𝙮 𝟐𝟎𝟐𝟒 🚨

According to a report from CITIC Securities via PANews, the US labor market showed signs of cooling in July 2024. The number of new non-farm jobs fell short of expectations, and revised figures for previous months, along with a rising unemployment rate and slowing wage growth, all point to a slowdown. Despite these changes, the unemployment rate remains at a historically low 4.3%, influenced by increased labor supply and weather factors. These data points suggest marginal cooling but are not significant enough to drastically alter the overall economic outlook.

#LaborMarket #USJobs #Economy #Employment #FederalReserve

📊 Current Situation:

1. 🇺🇸 US Job Additions revised lower by 818,000, marking the largest revision since 2009 📉

2. US Unemployment Rate has increased to 4.3%, the highest since 2021 📊

3. 5 out of the last 6 jobs reports have now been revised lower 🔄

4. A record number of Americans are now working multiple jobs 🔄👷‍♂️👷‍♀️

5. The US Dollar has lost 25% of its purchasing power in 4 years 💵📉

6. 11% of credit card balances in the US are delinquent, the highest in over a decade 💳🔺

#Economy #Inflation #USJobs #Finance #blockchainburst