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July 2016 Employment Situation July 8, 2016

Posted by geoff in News.
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Boring Employment Situation Report from the BLS today: the media is celebrating the 287K jobs they say were added, but in the grand scheme of things it doesn’t amount to much. Just a little uptick in the employment chart:

FullTimeEmpvsCivPopJuly2016

Then you’ve got the manufacturing jobs. Or, rather, you don’t. Because with a mere 3 months to go to keep the president’s promise to add 1 million manufacturing jobs, he’s 654K short. And the trend has been negative over the past 6 months:

ManufJobsJuly2016

It was a stupid promise for a president to make, but having made it, he totally owns this spectacular failure.

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