Are recession fears valid after weak jobs report?

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Disappointing July jobs data could bring about fears of a potential recession as Americans navigate a period of inflation in the U.S. economy. CBS News contributor Javier E. David breaks down the signals to look out for as the markets react to the latest numbers.

#news #economy #usa

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The economy sucks. Government wants you to believe what they tell you, not what you are experiencing.

jpi

You need $60/hr to survive in most cities, and $15/hr 20hrs a week are the jobs being added to the market, not to mention "ghost jobs" that don't even exist.

Vista-fgij

Invest in Bitcoin before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth

bombasticlove

The sign should say Part-time underpaid, overworked cashier wanted. You will actually be doing three different jobs in the same day besides just being a cashier. You will also be the janitor and the receptionist, but only be paid as a cashier.

Therazorschannel

More like depression fears. We have been in a recession for 3 years.

NNShephard

We've been in a recession for 2 years by my count. By the time they officially announce a recession, hopefully, the economy will start recovering.

psnisy

Full panic at CBS, 😂😂😂. How they going to spin reality to the low information dem voter.

Ktm

Do you think there'll be a pile beside the building, from which they lept

johnalver

Part time cashier=waste your precious and limited time in this life for a couple tanks of gas. Get nowhere and die poor. Lovely. We should start counting unemployment right when someone starts making less than a livable wage. If you create a billion jobs that pay less than a livable wage you didn’t create a billion jobs, you created a billion wastes of time.

Runnifier

I don't conceder part time jobs with low pay and no benefits a job and with a lot of people working 3 to 4 part time jobs I am sure the unemployment rate would be 12 to 16 percent all these part time low paying jobs are just a fake rate because it is voting time. hard hard times are on the way for sure I am out and about everyday I see it with my own eyes hard times on the way trust me. there is all kinds of layoffs going on in the Bay Area it is just a matter of time before the money runs out most people I know are living off their credit cards and very soon they will all be maxed out with no way to pay them back.plus we have 20 million unknown migrants and AI entering the job market madness madness at its peak. vote smart.

CalvinMorris-cfjk

the real unemployment rate when you take out people with second and third jobs is probably over 10 percent - 11 percent

denniedollreborn

Come out to western Maryland (Garrett, Allegany, and Washington counties). A lot of the stores and restaurants are all closed on Mondays and Tuesdays and in come cases on Wednesdays because employers cannot hire enough "competent" employees who are sober and willing to show up for work on time... It's crazy.

CrazyWhiteBoomer

Never felt like the job market fluctuated so often years ago. The last 4-5 years it seems like the news is constsntly reporting jobs being available and then simultaneously employment is at the lowest rate its ever been at.

Anyone else?

Spetsnaz--