Deeper Dive Into Government Jobs Report Shows All Inflation Gauges Getting Worse

Deeper Dive Into Government Jobs Report Shows All Inflation Gauges Getting Worse
People shop at a grocery store in New York City on May 31, 2022. Samira Bouaou/The Epoch Times
Tom Ozimek
Updated:
0:00

Although U.S. employers added far more jobs in June than analysts expected and the unemployment rate remained at 3.6 percent, some experts say that a closer look at the data reveals that the metrics the Fed looks at to gauge whether inflation is slowing down have all deteriorated.

The closely-watched non-farm payrolls report, released on July 8 by the Bureau of Labor Statistics (BLS), showed that the U.S. economy added 372,000 jobs last month, well above the market estimate of 250,000.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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