Certainly NO Employment record in July, and here’s why

Source CNBC, Aug 5th, 2020

Private payroll growth drops sharply amid spike in virus

......Private payrolls grow by just 167,000, well below expectations, well below Wall Street estimates of 1 million.

......All but 1,000 of the jobs came in the Services sector.

.......June payroll count was revised sharply upward to 4.3 million.

BLS July’s Jobs Report; Friday, August 7th

 

Very interesting.

All but 1,000 of the jobs came from the services sector, as professional and business services led with 58,000. Education and health services added 46,000 and trade, transportation and utilities contributed 41,000.

The battered hospitality sector, which took the brunt of the closings as bars and restaurants shuttered across the nation, saw an addition of 38,000. However, financial activities lost 18,000 and information services dropped by 3,000.
On the goods-producing side, manufacturing added 10,000, but construction lost 8,000 and mining and natural resources fell by 1,000.

https://www.cnbc.com/2020/08/05/adp...t-167000-in-july-well-below-expectations.html

 

No doubt, it will be hard to MAGAtize July’s jobs report.

 

Thank you China!

 

Agreed, npb.

It will be interesting to see how Trump spins that.

 

What is there to spin? The governors and the mayors are insisting business shutter. It is plain for all to see. Explain why that needs any spin at all?

 

As Trump has said, the buck stops with the POTUS.

#maga

 

Well, THEY will find a few needles in a haystack, such as; Manufacturing jobs, up 10,000.

 

You do have a point.

Everybody knows that TRUMP'S VIRUS is the cause.

And, everybody sees right through Trump's Lame (and Imbecilic) Attempt to shift the blame.

And, since Trump doesn't care (either way), he probably doesn't think that any "spin" is necessary

 

I just enjoy the hell out of watching folks like you work so hard to make an utterly useless post seem grand by double spacing every line of it........ It is also interesting that someone whom you bash daily as an imbecile suddenly has not only engineered, but successfully deployed a bio weapon around the world. You must really be afraid of the boogie Trump.... He has you stammering in print.

But since you failed to actually engage the topic of businesses being artificially closed, I interpret that as you have no answer but to deflect. Got it.

 

The bottom line is this damn “all-season” virus has/is/will hold back economic growth.

In an effort to glorify POTUS, perhaps Congress should quadruple their re-hiring incentives.