Jobs. Up or down?
Welcome to the Know the Difference Minute. It’s Thursday, July 7th. 
Unemployment steady at 3.6%. 11.3 million open jobs. The job market is robust but there is significant interest about tomorrow’s jobs report for a clue to the direction of employment in the US. 
But…today’s report from Challenger, Gray & Christmas revealed US employers announced over 32,000 layoffs last month—an 58% increase from last June, the highest monthly total since February 2021.  Additionally, the Bureau of Labor Statistics reported today initial unemployment claims bumped up to the highest level in 4 months.
The big question: is the uptick a sign of things to come or is it a correction from years of growth that was bound to occur?  Fed Chairman Jerome Powell did say rate hikes could lead to pain in the labor market. 
The jobs number drops at 730 tomorrow morning. We’ll have full coverage on our weekend radio shows. 
For Dave Spano, I’m Danny Clayton from Annex Wealth Management.  That is your Know the Difference Minute.