Second….the monthly report on employnment.
the report said only 32,000 non farm payroll jobs were created in July.
The media immediatly seized on it and began screeching “only 32,000 jobs created!”.
The problem is the very same report showed that 629,000 people found work in July…and the unemploynent rate dropped to 5.5%.
The fact is that the payroll survey is no longer an accurate guage of our economy. Doesnt matter, they will only report what they want to report.