June jobs report is a winner!

[K9Buck]

#Winning!

https://www.cnbc.com/2019/07/05/jobs-rep...-2019.html

[cincydawg]

And oddly enough this might be bad news for stocks, at least short term.

The tick up in the UE figure suggests more folks are out looking which is obviously good. We rarely hear much about UE6 and how many are on food stamps etc.

https://www.macrotrends.net/1377/u6-unemployment-rate

[K9Buck]

I'm confused. We added more jobs than expected, yet the unemployment rate rose from 3.6 to 3.7.

[cincydawg]

More people coming into the work force looking for jobs. It happens fairly often.

(And of course these figures are based on surveys, polls in effect, which have a margin of error which could easily be 0.1-0.5%).

[BoyGenius]

Econ numbers and stats tend to be massaged to promote a specific narrative.
Those pushing the negative econ narrative want lower rates and cheap money for borrowing and higher stock market.
Trump is pushing the positive econ narrative but wants lower rates and cheap money to offset tariffs.

[cincydawg]

I have always assumed that the BLS does their job free of massaging, but I don't really know.

[BoyGenius]

I have always assumed that the BLS does their job free of massaging, but I don't really know.

The Household and Payroll Survey's don't massage their numbers that I know... why you would think they might is an... um... an alternative perspective,

[cincydawg]

Econ numbers and stats tend to be massaged to promote a specific narrative.
Those pushing the negative econ narrative want lower rates and cheap money for borrowing and higher stock market. 
Trump is pushing the positive econ narrative but wants lower rates and cheap money to offset tariffs.

So, I presume you were referring to "econ numbers and stats" other than BLS figures?

This thread is mostly about the BLS numbers, so the context was not clear.