While the media basks in the artificial light of a 4 percent GDP print
for the second quarter, jobs continue to disappoint—and so does GDP.
You wouldn’t know it, however,r by the way the media covers the economy.
“The high-flying labor market showed no let-up in July,” writes USAToday, “as employers added 209,000 jobs.”
Of course economists expected a bigger gain of 238,000 jobs, but you know: Who’s counting? Numbers and math are so overrated. We have gotten to the point that a missed estimate of 30,000 jobs is no big deal, while an uptick in unemployment is good news.
http://finance.townhall.com/columnists/johnransom/2014/08/02/obama-conjugates-the-economy-broke-broker-broken-n1873622
“The high-flying labor market showed no let-up in July,” writes USAToday, “as employers added 209,000 jobs.”
Of course economists expected a bigger gain of 238,000 jobs, but you know: Who’s counting? Numbers and math are so overrated. We have gotten to the point that a missed estimate of 30,000 jobs is no big deal, while an uptick in unemployment is good news.
http://finance.townhall.com/columnists/johnransom/2014/08/02/obama-conjugates-the-economy-broke-broker-broken-n1873622
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