It’s a weird report as the household survey showed +113k while the establishment survey showed +616k. Quite a huge divergence.
Participation rate increased which is positive.
U6 dropped to 12.7% which is the lowest since 2008.
Private sector jobs were +142k (construction +48k which is very positive) and the public sector shed jobs again (also positive)
Bottom line it’s a pretty luke warm report which is consistent with the slow growth we have been seeing.
The number of jobs created is meaningless. Was the job created a part time job that replaced a full time position?
Was the new job at WalMart or as a mechanical engineer?
The unemployment rate is the biggest farce of all.
The numbers may say slow growth but out here in the real world I’m not sure what’s growing.
This “Administration” that lies about everything else,
is 110% honest and accurate about the job numbers.
(here, have another cup of koolaid)