Despite slowing job growth, strangely, the key unemployment rate fell .3% to 7.8% due to an unexpected upward 86,000 job revision by the Department of Labor. Secretary Solis spent the morning defending the rosy unemployment rate that is based on questionable revisions. Upwardly revising public sector employment by tens of thousands of jobs in the [...]
Tag: "employment situation report"
The Bureau of Labor Statistics carefully wordsmithed today’s release of the July Employment Situation Report which showed that unemployment has hit 8.3% again despite a shrinking American workforce. To downplay the alarming jobs news, the BLS used phrases like “essentially unchanged” to describe the increase in the most recognized measure on the health of the [...]