Posted by Sir Four at 8:01pm Aug 3 '12Private employers added 172,000 while 9,000 government workers lost their jobs (continuing a long trend of job losses in the public sector). 172k isn't an amazing number of jobs--far better would be 200k - 300k. But it's decent, and beat expectations. Wall St. had a strong rally on the news.
As sometimes happens, the unemployment number actually went up, to 8.3%. Still too high.
As sometimes happens, the unemployment number actually went up, to 8.3%. Still too high.
US adds 163,000 jobs in July - Sir Four