The U.S. unemployment rate rose to 4.3% and added just 114,000 jobs in July – a surprise miss for the Biden economy’s labor market.
Low by historical standards, this is still the highest the unemployment rate has been since 2021. The data underscores the tricky spot the U.S. economy finds itself in as the Federal Reserve prepares to cut rates as soon as September.
Presented by Jones Family Office
We need vigorous debate—at the highest levels of government, in corporate boardrooms, and in society at large—about what “AI for good” looks like. The first signs of the societal disruptions of AI are already here. We need to do AI right and strike the moratorium on regulation from the BBB.
