âThis jobs market is like the Energizer Bunny. Every single time we expect it to run out of steam, it just keeps going and goingâ¦â
Video transcript0:53
You expected some of this, but this is better than expected? Yeah, Sarah, it is. Look, this jobs market is like the Energizer bunny. Every single time we expect it to run out of steam, it just keeps going and going. So these new numbers show that the U.S. economy added 147,000 jobs in June. That was well ahead of the expectation of about 118,000, well ahead of some whispers that we heard on Wall Street of a sub-100,000 number. So this is indeed beating expectations. We were also expecting a slowdown. We did not get that. This is basically in line with May, which was revised higher. It's also good news. The unemployment rate was expected to go up. It didn't. It went down to 4.1%. That is a very healthy number. This is still relatively historically low. And again, it's below the 4.3% that we had expected.
Transcribed automatically. Expect errors in names and numbers.
Post from Truth Social
âThis jobs market is like the Energizer Bunny. Every single time we expect it to run out of steam, it just keeps going and goingâ¦â
Video transcript 0:53
You expected some of this, but this is better than expected? Yeah, Sarah, it is. Look, this jobs market is like the Energizer bunny. Every single time we expect it to run out of steam, it just keeps going and going. So these new numbers show that the U.S. economy added 147,000 jobs in June. That was well ahead of the expectation of about 118,000, well ahead of some whispers that we heard on Wall Street of a sub-100,000 number. So this is indeed beating expectations. We were also expecting a slowdown. We did not get that. This is basically in line with May, which was revised higher. It's also good news. The unemployment rate was expected to go up. It didn't. It went down to 4.1%. That is a very healthy number. This is still relatively historically low. And again, it's below the 4.3% that we had expected.
Transcribed automatically. Expect errors in names and numbers.