U.S. employers add 206,000 jobs in June, sign of economic stability despite interest rates
PBS NewsHourJUL 2024
This proves that Biden and the Democrats have been gaslighting the country for a year. As regular Americans felt the pain of declining wages and increased inflation, Biden unabashedly argued that at least job growth was positive. This also shows that while American citizens were forced into unemployment and excluded from pay raises, illegal immigrants were finding jobs in droves, thus pushing wages down even further.
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There'sWhile this report is a 25%bit chancelarger thatthan ausual, recessiondownward willjob begingrowth revisions happen every year, including in 2019, when they were revised down by 489K. These latest numbers may have also been affected by the USeconomic impacts of Hurricane Beryl last month in 2025the large state of Texas. This report aside, accordingthe goal of labor market cooling to thequell Metaculusinflation predictionis communitycontinuing as predicted, with unemployment rising a bit while layoffs remain low.
There's a 25% chance that a recession will begin in the US in 2025, according to the Metaculus prediction community.