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Jobs Cut, Not Created | Sacramento News
The latest jobs report dropped a bomb: 23,000 jobs cut last month, with another 103,000 wiped out in May and June. The unemployment rate dipped to 4.1%—but that’s because 264,000 people just stopped looking for work. Public schools, restaurants, and retail took major hits. While the headline looks good, job seekers are actually struggling more than ever, even those with degrees. Companies are holding onto staff tighter than ever, thanks to tech-driven productivity and policy uncertainty. It’s a weird, upside-down labor market where “no hire, no fire” is the new norm. Listen in comfort:Get a…
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