Headline:
“Total nonfarm payroll employment declined by 131,000 in July, and the unemployment rate was unchanged at 9.5 percent..." --BLS
It's possible that Biden was wrong!
HT: Barry
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Wisconsin native. "The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC "Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton "The only objective of Liberty is Life" --G K Chesterton "A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
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2 comments:
+71,000 is the number that matters. Total NFP's is insignificant until we shed all census workers.
Still, employment growth remains flat. Without further public sector support, these numbers will be flat or worse for years.
How about some PRIVATE sector growth. Like government gets out of the way? It is private sector growth that creates jobs and wealth (and government revenue). Not public sector.
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