Today’s employment report shows that private sector payrolls increased by 154,000 in July and the unemployment rate ticked down to 9.1 percent. The economy has added 2.4 million private sector jobs over the past 17 months, despite a slowdown in economic growth from substantial headwinds in the first half of the year.
Headwinds in the first half of the year? More like brain farts over the last two and a half years, if you ask me.
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