The July jobs report was released today and the BLS did its usual sterling job of revising past released numbers downward, while saying this month’s added jobs were higher than expected. What is really high is the statistician group at the BLS. We supposedly added over 200,000 jobs, but the two prior months were revised downward by 111,000 jobs. And then almost all the new jobs were government ones, as is happening in Minnesota, 70,000 new government jobs in June alone. So when you combine everything, almost no job growth in the private sector. No wonder we need deficit spending to keep creating leech jobs in government to make it look there is a strong labor market. And we keep seeing the same thing report after report–all new jobs are part-time, large numbers of slackers just sit home, while reporting that they have been unable to find a job for over two years in our supposedly strongest ever job market. More monkey business with the business “birth/death” model and the gap between the business and household surveys. The unemployment rate did tick up to 4.1% and wage growth was modest. But I am not sure I believe any of this stuff. Wish we said had some data we could trust. (BLS Report)
✅ Subscribe via Email
About this Blog
Healthy Skeptic Podcast
Research
MedPAC 2019 Report to Congress
June 18, 2019
Headlines
Tags
Access
ACO
Care Management
Chronic Disease
Comparative Effectiveness
Consumer Directed Health
Consumers
Devices
Disease Management
Drugs
EHRs
Elder Care
End-of-Life Care
FDA
Financings
Genomics
Government
Health Care Costs
Health Care Quality
Health Care Reform
Health Insurance
Health Insurance Exchange
HIT
HomeCare
Hospital
Hospital Readmissions
Legislation
M&A
Malpractice
Meaningful Use
Medicaid
Medical Care
Medicare
Medicare Advantage
Mobile
Pay For Performance
Pharmaceutical
Physicians
Providers
Regulation
Repealing Reform
Telehealth
Telemedicine
Wellness and Prevention
Workplace
Related Posts
Commentary
Karl Marx
February 10, 2025
Karl Marx
Karl Marx was essentially an idiot whose ideas have been adopted by totalitarians to justify…
Commentary
Debunking Climate Hysteria, February 9, 2025
February 9, 2025
Debunking Climate Hysteria, February 9, 2025
The latest in our irregular efforts to spread climate truth.
Commentary
Bob Dylan, Part 1
February 9, 2025
Bob Dylan, Part 1
A recent movie on Bob Dylan is worth a watch, but his songs are what…