WHAT a Chirpy Headline

…when the Devil’s right there in the details.

Job growth surged in June, with U.S. companies adding 288,000 to payrolls, indicating that expectations for strong second-half economic growth may be fulfilled.

The unemployment rate dropped to 6.1 percent, its lowest since September 2008, according to data from the Bureau of Labor Statistics. An alternate measure of unemployment that measures those who have stopped looking for work or are working part-time for economic reasons also fell, to 12.1 percent, marking its lowest reading since October 2008.

The level of underemployment actually increased for the month, rising 275,000 to 7.5 million.

And I think we can expect some sincere rejiggering of the figures next month, per Administration modus operandi: “Getchyer a big enough number when ya need it, sorta straighten it out later.

2 Responses to “WHAT a Chirpy Headline”

  1. JeffS says:

    Given how the 1st quarter was recently “adjusted” to show a decline in the economy, not growth, you’ve tagged the Obama Administration correctly.

  2. Chancy Girl says:

    Everywhere I go, I see “help wanted”signs. You don’t suppose the increase in employment numbers has anything to do with long term unemployment being stopped, do you?

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