Gotta-Go-Get-A-YOB!

September 01, 2023

by Karl Denninger Market-Ticker.org

Total nonfarm payroll employment increased by 187,000 in August, and the unemployment rate rose to 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in health care, leisure and hospitality, social assistance, and construction. Employment in transportation and warehousing declined.

Hmmmm….. so employment increased but the unemployment rate went up?

What an amusing set of alleged circumstances!