The June Payrolls Report ticks a hair above expectations

Here is the full report:

Hazel is keeping up a good front, grotesque smile intact.

But her Leisure and Hospitality services sub-segment pulled back. Maybe that was just America, saving its money for the heart of vacation season before hitting the highways, biways, beaches, lakes, rivers, resorts as burgers, dogs and beer season ramps up now.

However, Education, Health and oh look here, Government are once again booming (maybe an army of consultants were hired to figure out the Biden situation as all things being equal, Trump in essence took the presidency last Thursday). I have never seen such a strong string of government hiring in all my years watching this monthly data dump.

Unemployment continues to base in preparation for an upturn in job losses. It’s grinding the same pattern as it did heading into Armageddon ’08.

The economy continues to slowly decelerate and fiscal forces that be continue to try to plug the holes in the dike, I assume to/through the election.

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