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Jobs Report Shocks Economists | Peoria News
The latest jobs report shocked economists—instead of adding 83K jobs, the economy lost 23K in July, while unemployment dipped to 4.1%. This follows a pattern of downward revisions, with May and June’s totals slashed by over 100K combined. With midterms looming and inflation still sticky (though slightly eased by falling energy prices), growth slowed to just 1.5% in Q2. The Fed held rates steady for the fifth straight time, refusing to budge despite mounting pressure—painting a complex, uncertain economic picture. Listen in comfort:Get a discount on a Soli Pillow…
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