The 4 week moving average takes out the noise, and this morning's report lifts that average by another 7,000 jobs to 446,000.
We won't see a 6% unemployment report when the August monthly report comes out in 2 weeks, but we will see that print in the fall, then the 7% unemployment rate line comes into play.
The US economy is experiencing stagflation. There are very few winners in this economic scenario. Be careful out there.