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Elise Gould
elisegould.bsky.social
did:plc:pboltvj6wr6gaituw2s6mrwq
The household survey came in even weaker. While the topline unemployment rate ticked down, it happened for the wrong reasons as labor force participation fell by 720k while employment fell by 507k. Even the prime-age employment-to-population ratio, which had remained resilient, fell 0.6ppts in June.
2026-07-02T12:58:28.630Z