Employers added only 22,000 jobs in August, and the unemployment rate rose slightly to 4.3 percent. Revised data also showed that employment fell by 13,000 jobs in June, the first net loss since December 2020. Underscoring the report's weakness, the job search platform Indeed flagged that employment growth over the year to date is the lowest it's been since 2010. At that time, notes Indeed's director of research for North America Laura Ullrich, "there were 17 million fewer people in the U.S. labor force and the economy was still firmly in the grips of the Great Recession."
Trump's economic guru Kevin Hassett is expecting those crappy numbers to "revise up" (www.cnbc.com).
Of course he is.
When Hassett was asked if he was concerned about a sluggish hiring rate, he responded with a personal anecdote.
"Members of my family have been hired," he said.
"Both of them started their new jobs about a week ago. And so you are seeing that people are being hired."
Incel Scatberg said that hiring was going to skyrocket under the bankruptcy-prone nonce. What gives?
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