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In reply to the discussion: U.S. Added 213,000 Jobs in June; Unemployment Ticks Up to 4% [View all]Igel
(35,300 posts)30. This particular uptick is a good thing.
It's not people being fired. It's people who weren't counted because they'd joined the mass of workers no longer in the workface rejoining the workforce.
"The workforce" isn't just those with jobs; it includes those actively looking for work.
In other words, 200k people who weren't counted because they weren't looking are now either employed or seeking employment. If everybody who could work joined the workforce, unemployment would skyrocket. This is as true now as it was 5 or 15 years ago, but it's a worse problem since 2010.
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"Unemployment of African Americans rose from 5.9% to 6.5% illustrating two things--"
mahatmakanejeeves
Jul 2018
#15