• Categories
  • Archives

JOBS REPORT: The Unemployment Rate Rose in June From 3.8% to 4%

A rare moment of restraint.
unemployment rising, trump unemployment rate

U.S. president Donald Trump greets supporters during a campaign rally at Four Seasons Arena on July 5, 2018 in Great Falls, Montana. President Trump held a campaign style 'Make America Great Again' rally in Great Falls, Montana with thousands in attendance.

The government releases its monthly jobs report on the first Friday after the last day of each month, which means today we got  The the June jobs report, which revealed that 213,000 jobs were added to the United States economy in June. But while the number was higher than most anticipated, the rate of unemployment actually rose from 3.8 percent to 4 percent.

Which might explain why Donald Trump didn’t tout the jobs numbers ahead of time, as he famously did ahead of May’s numbers last month, possibly affecting financial markets.

The numbers don’t necessarily indicate a weakening job market, yet the president’s silence was deafening.

This most recent job growth continues a trend begun under President Obama in 2010. The economy has continuously added jobs for over 90 months, the longest uninterrupted streak ever recorded in the nation’s history.

Far too often, however, unemployment rates and the measure of the work force are oversimplified. The numbers are taken at face value. President Donald Trump and his supporters, for instance, often do this when touting the falling unemployment rate, though the rate of job growth has actually slowed since he won the presidency in November of 2016.

Similarly, this first rise in unemployment may not indicate that jobs are more scarce, but that Americans feel confident enough in the market to begin looking for work again. The Bureau of Labor Statistics estimates in the report that over 600,000 Americans joined the labor force, which accounts for the rise in unemployment despite job growth.

Not that the President remained silent, of course. Once he had a message he could get behind, he took to Twitter in his usual style:

Load more...

Page 1 of 2
First | Prev | 1 | 2 | Next | Last
View All


  • Evan Brechtel

    Evan is a writer and editor based in New York. In addition to his work with Second Nexus, he freelan... keep reading