{"id":3145,"date":"2020-07-07T10:44:20","date_gmt":"2020-07-07T15:44:20","guid":{"rendered":"https:\/\/www.employco.com\/blog\/?p=3145"},"modified":"2020-11-23T10:48:19","modified_gmt":"2020-11-23T16:48:19","slug":"dont-celebrate-yet-here-is-why-the-latest-jobs-report-is-misleading","status":"publish","type":"post","link":"https:\/\/www.employco.com\/blog\/2020\/07\/07\/dont-celebrate-yet-here-is-why-the-latest-jobs-report-is-misleading\/","title":{"rendered":"Don\u2019t Celebrate Yet: Here is Why the Latest Jobs Report is Misleading"},"content":{"rendered":"<p><em>Employment expert says latest numbers are a false positive<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium\" src=\"https:\/\/www.employco.com\/blog\/wp-content\/uploads\/2017\/11\/JobsIncrease-300x294.png\" alt=\"Jobs Report\" width=\"300\" height=\"294\" \/>Last Thursday the Labor of Department released new figures showing that the United States gained 4.8 million new jobs in June. In addition, the unemployment rate hovered at 11.1%, lower than the predicted 12.4% rate. President Trump heralded the numbers as proof that the economy is \u201croaring back\u201d after months of economic destruction caused by the COVID-19 pandemic.<\/p>\n<p>\u201cThe latest job report seems like a major cause for celebration,\u201d says Rob Wilson, President of Employco USA, a national employment solutions firm with locations across the county. \u201cHowever, those of us within the employment industry are not celebrating just yet.\u201d<\/p>\n<p>Wilson, an employment expert who has helped hundreds of clients navigate the impact of coronavirus on the workplace, says \u201cThese new hire numbers are a false positive. At Employco, over 200 of our clients received PPP. Many then slowly rehired formerly laid-off employees in May and June.\u201d<\/p>\n<p><!--more--><\/p>\n<p>However, Wilson says, PPP only offered a temporary respite for industries which are still struggling to find footing in this new normal.<\/p>\n<p>\u201cA new round of layoffs are expected in the near future,\u201d says Wilson. \u201cThis is because PPP is going to start running out around the country, as many companies chose the safe harbor date of June 30. Now, that deadline has passed and the emergency funds are running out. This will spell more layoffs, fewer hours, and continued closings across the country, especially in customer-facing industries like hospitality, travel, and retail. Unfortunately, future jobs reports are going to reveal just how damaging the coronavirus has really been to our economy.\u201d<\/p>\n<p>For more on this topic, please contact Rob Wilson at\u00a0<a href=\"mailto:rwilson@thewilsoncompanies.com\">rwilson@thewilsoncompanies.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Employment expert says latest numbers are a false positive Last Thursday the Labor of Department released new figures showing that the United States gained 4.8 million new jobs in June. In addition, the unemployment rate hovered at 11.1%, lower than&hellip;  <\/p>\n<p class=\"more-link\"><a href=\"https:\/\/www.employco.com\/blog\/2020\/07\/07\/dont-celebrate-yet-here-is-why-the-latest-jobs-report-is-misleading\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[8,17],"tags":[],"class_list":["post-3145","post","type-post","status-publish","format-standard","hentry","category-human-resources","category-jobs"],"featured_image_src":null,"author_info":{"display_name":"Employco USA","author_link":"https:\/\/www.employco.com\/blog\/author\/employcousa\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Don\u2019t Celebrate Yet: Here is Why the Latest Jobs Report is Misleading - Employco Blog<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.employco.com\/blog\/2020\/07\/07\/dont-celebrate-yet-here-is-why-the-latest-jobs-report-is-misleading\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Don\u2019t Celebrate Yet: Here is Why the Latest Jobs Report is Misleading - Employco Blog\" \/>\r\n<meta property=\"og:description\" content=\"Employment expert says latest numbers are a false positive Last Thursday the Labor of Department released new figures showing that the United States gained 4.8 million new jobs in June. In addition, the unemployment rate hovered at 11.1%, lower than&hellip; Continue reading &rarr;\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.employco.com\/blog\/2020\/07\/07\/dont-celebrate-yet-here-is-why-the-latest-jobs-report-is-misleading\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Employco Blog\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Employco\" \/>\r\n<meta property=\"article:published_time\" content=\"2020-07-07T15:44:20+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2020-11-23T16:48:19+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.employco.com\/blog\/wp-content\/uploads\/2017\/11\/JobsIncrease-300x294.png\" \/>\r\n<meta name=\"author\" content=\"Employco USA\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@employco\" \/>\r\n<meta name=\"twitter:site\" content=\"@employco\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Employco USA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.employco.com\\\/blog\\\/2020\\\/07\\\/07\\\/dont-celebrate-yet-here-is-why-the-latest-jobs-report-is-misleading\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.employco.com\\\/blog\\\/2020\\\/07\\\/07\\\/dont-celebrate-yet-here-is-why-the-latest-jobs-report-is-misleading\\\/\"},\"author\":{\"name\":\"Employco USA\",\"@id\":\"https:\\\/\\\/www.employco.com\\\/blog\\\/#\\\/schema\\\/person\\\/9c5a99be12eccf56ad10d0301c213414\"},\"headline\":\"Don\u2019t Celebrate Yet: Here is Why the Latest Jobs Report is Misleading\",\"datePublished\":\"2020-07-07T15:44:20+00:00\",\"dateModified\":\"2020-11-23T16:48:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.employco.com\\\/blog\\\/2020\\\/07\\\/07\\\/dont-celebrate-yet-here-is-why-the-latest-jobs-report-is-misleading\\\/\"},\"wordCount\":288,\"image\":{\"@id\":\"https:\\\/\\\/www.employco.com\\\/blog\\\/2020\\\/07\\\/07\\\/dont-celebrate-yet-here-is-why-the-latest-jobs-report-is-misleading\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.employco.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/11\\\/JobsIncrease-300x294.png\",\"articleSection\":[\"Human Resources\",\"Jobs\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.employco.com\\\/blog\\\/2020\\\/07\\\/07\\\/dont-celebrate-yet-here-is-why-the-latest-jobs-report-is-misleading\\\/\",\"url\":\"https:\\\/\\\/www.employco.com\\\/blog\\\/2020\\\/07\\\/07\\\/dont-celebrate-yet-here-is-why-the-latest-jobs-report-is-misleading\\\/\",\"name\":\"Don\u2019t Celebrate Yet: Here is Why the Latest Jobs Report is Misleading - 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Rob Wilson,\u2026","rel":"","context":"In &quot;Jobs&quot;","block_context":{"text":"Jobs","link":"https:\/\/www.employco.com\/blog\/category\/recruitment-solutions\/jobs\/"},"img":{"alt_text":"Jobs","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/blog\/Blog_Jobs.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":827,"url":"https:\/\/www.employco.com\/blog\/2018\/03\/12\/313000-jobs-added-february-mean-average-american\/","url_meta":{"origin":3145,"position":2},"title":"313,000 Jobs Added in February, But What Does that Mean for the Average American?","author":"Employco USA","date":"March 12, 2018","format":false,"excerpt":"Employment trends expert breaks down the numbers from Friday\u2019s jobs report After a pleasantly shocking jobs report on Friday, employment experts are now saying that the United States is at \u2018full employment.\u2019 But, what does this mean for Americans, and are the numbers really as good as they seem? \u201cFebruary\u2019s\u2026","rel":"","context":"In &quot;Jobs&quot;","block_context":{"text":"Jobs","link":"https:\/\/www.employco.com\/blog\/category\/recruitment-solutions\/jobs\/"},"img":{"alt_text":"Jobs","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/blog\/Blog_JobsReport_Feb18.png?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.employco.com\/images\/blog\/Blog_JobsReport_Feb18.png?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.employco.com\/images\/blog\/Blog_JobsReport_Feb18.png?resize=525%2C300 1.5x"},"classes":[]},{"id":4506,"url":"https:\/\/www.employco.com\/blog\/2023\/02\/24\/the-sad-truth-about-our-record-low-unemployment-rate\/","url_meta":{"origin":3145,"position":3},"title":"The Sad Truth about Our \u201cRecord-Low\u201d Unemployment Rate","author":"Employco USA","date":"February 24, 2023","format":false,"excerpt":"Employment trends expert offers an enlightening viewpoint of our national employment rate\u00a0 When The White House released January\u2019s jobs report, many people were excited to see that the unemployment rate was being touted as the lowest since May 1969. 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Jobs Report Shows 4.5M People Quit in November","author":"Employco USA","date":"January 5, 2022","format":false,"excerpt":"Employment trends expert examines reasons behind Great Resignation and what employers can do The Great Resignation just became the Greatest Resignation. The January jobs report reveals that a record number of people quit their positions in November\u2026 4.5 million of them, in fact. Is it true that people just don\u2019t\u2026","rel":"","context":"In &quot;Jobs&quot;","block_context":{"text":"Jobs","link":"https:\/\/www.employco.com\/blog\/category\/recruitment-solutions\/jobs\/"},"img":{"alt_text":"The Great Resignation","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/Blog\/Blog_Great-Resignation.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":774,"url":"https:\/\/www.employco.com\/blog\/2018\/02\/06\/america-fat-work\/","url_meta":{"origin":3145,"position":5},"title":"Is America Too Fat to Work?","author":"Employco USA","date":"February 6, 2018","format":false,"excerpt":"New Study Says Poor Health is Partially to Blame for America\u2019s Unemployment Employment numbers have been very encouraging lately, but a brand-new Gallup survey for the Center for Advancing Opportunity is cause for alarm. The survey found that the people who most need steady jobs (such as those living in\u2026","rel":"","context":"In &quot;Jobs&quot;","block_context":{"text":"Jobs","link":"https:\/\/www.employco.com\/blog\/category\/recruitment-solutions\/jobs\/"},"img":{"alt_text":"Health","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/blog\/Blog_Health-Problems.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/3145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/comments?post=3145"}],"version-history":[{"count":1,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/3145\/revisions"}],"predecessor-version":[{"id":3146,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/3145\/revisions\/3146"}],"wp:attachment":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/media?parent=3145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/categories?post=3145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/tags?post=3145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}