The Jobs Report: Nothing To Shout About
12:32 PM, Aug 1, 2014 • By GEOFFREY NORMAN
An increase in non-farm payrolls of 209,000. Less than the expected 230,000 but breaking 200,000 allows for the glass-half-full brigade to call it a good report. Six straight months of better than 200,000 new jobs.
Unemployment, by the way, ticked up from 6.1 percent to 6.2 percent. Improved labor force participation.
The administration and its media supporters will, doubtless, use the report to push the case that its economic policies are “working.”
And it is, certainly, better for them to be talking jobs and the economy than foreign policy.
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