The Bureau of Labor Statistics crashed this morning minutes after it released the jobs report. If you're looking for the report, it's here: BLS JOBS REPORT.pdf.
Thanks to the Joint Economic Committee for their assist.
Some quick numbers before we get to deeper analysis:
BLS topline: "Total nonfarm payroll employment rose by 117,000 in July, and the unemployment rate was little changed at 9.1 percent."
Good news: Private sector up 154K, which is around population growth.
Bad news: Public sector down 37K
Worse news: Employment/population rate falls to 58.1%, lowest since 1983 .... Labor force participation fell to 63.9% ...
Silver lining: June revised from 18K to 46K
Annie Lowrey on Twitter: "At the pace of jobs growth over the last 3 months, we will never get back to a normal rate of unemployment."
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