...broad headline statistics don't tell the full story.
...it appears that private sector employment is contracting and overall employment growth is only boosted by Govt employment in the health and education sector.
Looking under the hood, the change in NFP for most industries was weak suggesting that the labor market as a whole is softening and the economy is slowing.
https://x.com/KathyJones/status/1809210491174068640
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