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The June jobs report came in much worse than expected, raising new concerns about the strength of the U.S. labor market.
In this video, I break down what the latest employment numbers really mean, why the unemployment rate can be misleading, which industries are gaining and losing jobs, and four practical steps you can take to prepare for a slowing economy.
Chapters
00:00 Bad Jobs Report
00:42 What Are Nonfarm Jobs?
01:25 Why Unemployment Fell
02:27 Why the Unemployment Rate Is Misleading
04:12 Where Jobs Were Lost
05:00 What This Means for Your Money
06:18 4 Ways to Prepare Now
10:30 Final Thoughts
Disclaimer
This video is for educational purposes only and should not be considered financial, legal, tax, or investment advice.
#Economy #USEconomy #JobsReport #PersonalFinance
Support my independent journalism at Substack: https://chrishedges.substack.com/
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Justin Wolfers is a Professor of Public Policy and Economics at the University of Michigan and the founder of Platypus Economics. John Foley is the head of the Lex Column at the Financial Times.
Timestamps
00:00 – Intro
00:33 – Market Vitals
01:08 – May Jobs Report (ft. Justin Wolfers)
16:33 – Ad Break
19:01 – Meta Considering Equity Raise (ft. John Foley)
28:46 – Ad Break
30:10 – Equity Supply
32:39 – Credits
—
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