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What the Jobs report really shows us. It’s not good.
For those who follow the economy, the latest job report is not a pretty picture. I’m sure you saw last week where we were told that from last March to this March, the jobs report was off by eight hundred thousand jobs. Yes, eight hundred thousand less jobs than what was reported.
Yesterday’s report for August continued that bad news. Not only did the government miss August’s numbers by about 20,000, but the numbers for June and July were off by about one hundred thousand.
Finally, over four hundred thousand full time jobs were replaced last month with over five hundred thousand part time jobs.
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