August Jobs Report
The Bureau of Labor and Statistics (BLS) released the August Jobs Report [DATA HERE].
The headline news that will be heralded by the White House Press Secretary is a net gain of 315,000 jobs. Unemployment rose to 3.7%.
I wonder how over-inflated that the jobs number is in view of the recent downward revision of the June numbers by 105,000. It never ceases to catch my attention how jobs numbers are almost always overstated when a Democrat is President and understated when a Republican is President. I wonder why that is.
The real story is buried in the details. Sundance has done a quick dive into the data. This has yielded some interesting results.