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Username: FlyRight
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Latest Posts by FlyRight:
President Donald Trump got handed an ugly jobs headline Friday. The economy lost 23,000 payroll jobs in July, and revisions erased another 103,000 jobs from May and June. That can't be dressed up; a weak jobs report is a weak jobs report.
But buried one line deeper is a number worth noticing. Private employers added 30,000 jobs in July while government payrolls fell by 53,000. If government employment had simply remained flat, the headline number would've been a gain of 30,000 jobs.
Statistics can tell very different stories depending on where somebody stops reading. The easiest headline is "23,000 jobs lost."
It's accurate, but so is "private employers added 30,000 jobs."