Buzzkill: Bad Jobs Report

[Danzig]

Originally Posted by Danzig

the monthly reports aren't what we need to see. and then they typically get revised downward later. job growth isn't even keeping up with population growth-we need a lot more to keep up with both that and replacing jobs lost.

and yeah, full details not out yet-but one must assume with the anemic jobs added that unemployment dropped because job seekers dropped out of the search.

like i said:


"Republicans and Democrats will seize on Friday's numbers—the economy has added jobs every month since September 2010, though the pace has been uneven and the recovery remains tepid. Job growth has averaged 139,000 a month so far this year, compared with 153,000 in 2011."

The government also revised June and July's jobs numbers downward to show that the economy added 41,000 fewer jobs in those months than first thought.

http://www.slate.com/blogs/the_slate..._percent_.html