The "news" you hear about "less jobs" is.........less than half-truth. That's because The News is fixated on obtaining a Democrat House and Senate in November.
Truth be damned!!!
Here's the real story:
Total payrolls at nonfarm employers fell by 23,000 jobs in July from June, as local government jobs plunged by 57,000, the biggest month-to-month drop of local government jobs in years.
But private sector payrolls rose by 30,000 jobs in July from June, same increase as in the prior month, to 135.59 million, according to the Bureau of Labor Statistics today (blue columns).
The six-month average job gain, which irons out the month-to-month squiggles, dipped to 54,000 (red line).
And where would those gains be coming from?
...All other major private-sector categories gained jobs, including the two categories where many of the tech companies are (Information and Professional and Business Services):
- Construction (+22,000);
- Manufacturing (+5,000);
- Information (+11,000);
- Professional and business services (+18,000);
- Healthcare (+22,000);
- Wholesale trade (+5.000);
- Transportation & warehousing (+10,000);...
The first four--in red--are high-paying jobs. The fifth is a mix: some high, some low.
TRUMP-O-NOMICS is working.
No comments:
Post a Comment