The U.S. economy added 206,000 jobs, down from 218,000 in May.
With a 0.1% increase, the unemployment rate surpassed 4% for the first time since November 2021.
Inflation decreased by 0.1% from the previous month to 3%.
Is it a good sign?
Yes, perhaps it is a good sign for the economy, but to be precise to my audience, who are mostly techies in those 206,000 jobs added in June to the economy, most of which are government and healthcare jobs. Taking out 70,000 government positions, 136,000 are in the private sector, with 82,000 of those being in the healthcare industry. You can see there is still not enough growth in the tech sector.
Is there still hope?
In my opinion, there are a lot of positive signals that the tech industry will recover, including the fact that inflation is declining and there will be elections soon. Elections may occasionally cause jobs to stagnate, so maintain patience and maintain your strength. This letter is intended for all college students who have just graduated.
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