The Homa Files

Only 18,000 net new jobs were created in the U.S. in June.

To put it in perspective: Canada created more net new jobs last month (28,400) than the U.S. did — with nine times Canada’s population.

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Drilling down …

• For college graduates overall, the unemployment rate stands at 4.4%
• The unemployment rate for recent college grads is 6.4% … compared to 3.5 percent four years ago. .
• The unemployment rate for those with only a high school degree is 10%.
• That rate more than triples — to 14.3%— for high school dropouts.
• And teens, now competing more than usual with experienced and educated jobseekers, are experiencing 24.5% unemployment.

Source: The Hill

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Ken’s Take: Maybe change, but not much hope.

What ever happened to the Administration’s “pivot to jobs”?

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