Say what? A raft of new hires, but the unemployment rate goes up?
U3 is not everything and touting it is silly unless it is consistent with the rest of the data.
And just what are those jobs, what do they pay, and are they career opportunities? Is this progress or only the appearance of it?
Daily KosGovernment reports 287,000 new jobs created in June. U3 unemployment rises to 4.9%