Growth is growth. Even if the report was just 100,000 new jobs it’d still be directionally positive, yet it would’ve cooled inflationary expectations.
Not to pick nits, but if all these newly added jobs are significantly contributing to GDP, would they not have a deflationary effect? Or are we saying that they are mostly just adding to “cost push” inflation?
“Growth is growth.”
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If you believe the official numbers.
Are you aware of the huge discrepancies between BLS data and other sources (e.g., Household Survey), the routine recurrence of downward data revisions to the monthly employment data, the numbers of part-time jobs included, and the often wild sigma variations between Wall Street estimates and the BLS?
Something is not right. Much of it going back to 2022 strangely enough.
And then there’s the propensity of this administration to lie, deny and distort facts about pretty much everything. Just saying.