THE US ECONOMY JUST GOT WORSE.
US unemployment data was released today, and it came out worse than expected.
The unemployment rate spiked to 4.4%, while expectations were of 4.3%, which means the labor market is getting weak.
Along with that, non-farm payrolls came in at -92,000, while the expectations were of 59,000.
This means the US economy lost 92,000 jobs in the private sector, government, and manufacturing industries rather than gaining them.
