“June Employment Situation Better Than Expected.” Not So Fast!

Total nonfarm payroll employment increased 195,000 in June, with May’s figures revised upwardly from 175,000 to 195,000. WOW! The employment situation is finally, really getting better — right? Nope! Look at my highlights in the attached BLS Report. For the truly initiated, I have included the entire report for your perusal.

Most of the jobs that were added were of the low paying, few-to-no benefits variety. Need I say more?

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