RE: Explain to me again how losing 298,000 jobs a week while only creating 200,000 a month is a sign of a growing economy?
I believe the 200,000 monthly job increase is the result of SUBTRACTING the number of weekly hires from the number of weekly layoffs during the month.
What we’re seeing in the above numbers is just one side of story — the layoffs. The other side — the hires is the other story.
They net out to about 200,000 at the end of the month.
Don’t forget that there are several classes of “joblessness”. When a person gives up looking completely, they are taken off the roles.