Payrolls Rise 206K After Huge Downward Revisions As Unemployment Rate Jumps To Three Year High

Payrolls Rise 206K After Huge Downward Revisions As Unemployment Rate Jumps To Three Year High It appears that Biden's apparatchiks refuse to give up on the myth of a "strong labor market" just yet even as they admit to anyone who reads between the lines just how ugly things are getting. Moments ago the BLS reported that in June the US added 206K jobs, above the 190K expected. Not bad, especially with Goldman expecting 140K. Of course, a quick glance reveals where the "beat" came from: both previous months were...