Friday, July 7, 2017

Framing the Issue

Here's the reporting:
U.S. employers added a robust 222,000 jobs in June, the most in four months, a reassuring sign that businesses may be confident enough to keep hiring despite a slow-growing economy.

The Labor Department says the unemployment rate ticked up to 4.4 percent from 4.3 percent in May, which was a 16-year low. The rate rose because more Americans began looking for work and not all of them found jobs.

The government also revised up its estimate of job growth for April and May were revised up by a combined 47,000. In the first six months of this year, hiring has averaged nearly 180,000 jobs a month, only slightly below last year’s pace.

Yet even with the strong hiring, average hourly pay rose in June by just 2.5 percent from a year earlier. That’s below the 3.5 percent pace typical of a healthy economy.

So, what I get from that is while the number of new jobs is the highest in four months, it is still below last year's figures, the economy is growing only slowly, unemployment has gone up, and wages are low compared with last year.

Here's the headline:

And TPM is a strongly-Democrat leaning publication.

...but hey, do what you will anyway.

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