Gangbusters Jobs Data During a Recession?
We have now entered the bizarro world for good. The US unexpected jobs data was a staggering 528K jobs in July, more than double the 250K expected. This is a significant increase from last month's upwardly revised 398K (up from 372K) and the highest since February's 714K! This is happening while the US is in a technical recession and tech companies are mass-firing thousands of workers.
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