the spin..
“There was a positive jump in the workforce participation”... mainly because nobody told college grads that there are no jobs.
Solution? remove another two million from the workforce participation number next month and voila, job growth.
At least there was 69,000 jobs created unlike in 2009 when there were jobs losses.. Until they get adjusted down another 11,000..
Solution? tweak the “seasonal adjustment” so as to make the numbers look better.
So, what did we learn? The “labor dept” will have to make sure they jimmy up the numbers more in the coming weeks to present a better report to keep the media talking up Obama during the 4th of July week. Because nobody will care about July adjustments when the August numbers show fantastic growth due to additional tweaks.
I bet they’ll still party hardy on PA Ave or some vaca hot spot.