While the headlines and the White House will tell you that the June’s job report was a blockbuster, history in the making number, when you look further, you’ll realize that we are still far from out of the woods. The report survey period from June 7-13, does not take into consideration the recent “re-closing” of several states’ economies. And when looking at broader measures of unemployment, such as permanent job losers (gaining 588,000 for June for a new total of 2.9 million), and the employment-population ratio at 54.6%, and the U-6 rate at 18%, you begin to see that their remains structural issues at play. One must also take into consideration that these”created” jobs were actually more akin to recent lost jobs due to COVID-19, coming back as economies reopened. Another data point worth mentioning is the initial jobless claims number that showed slightly more than 1.4 million Americans filed for unemployment insurance during the prior week. And in an even broader view, over 31 million Americans continued receiving some sort of unemployment insurance during the prior week, which was an increase of over 900,000. This is not the trend that will support a “V” shaped recovery. Quite the contrary, and if permanent job losers continue to increase, and states continue to close and/or slow their re-openings, then these structural issues will only get worse before they get better. Stay diversified, stay vigilant, and stay with The Kapital News. #Jobs #Bailouts #Debt #Depression #USA #Liberty #Gold