Former NYSE Trader: The June Jobs Report Isn't Being 'Honest' About Inflation Pressures

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The jobs report came in stronger than had been expected, with 850,000 jobs being added in June as opposed to forecasts of 750,000.

That 850,000 is the highest in 10 months, and the unemployment rate ticked higher to 5.9% from 5.8%. The monthly jobs report is the most closely watched economic indicator of any month.

Kenny Polcari, managing partner at Kace Capital Advisors, discusses the jobs report, the Federal Reserve, inflation, and Tesla's delivery numbers. 

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