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U.S. economy lost 23,000 jobs in July, a sudden reversal

nbcnews.com

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Re: U.S. economy lost 23,000 jobs in July, a sudden reversal

#4

Interesting, this article doesn't seem to mention the layoffs from the tech industry. Which, if you look at the numbers, sort of make up the bulk of it.

Tech sector is not the bulk of it, many sectors doing worse and that is why they got the headlines. "Financial Activities" supersector was terrible this month. Another reason is there is not an umbrella "tech" sector in the NAICS, so it's harder to report on.

Re: U.S. economy lost 23,000 jobs in July, a sudden reversal

#5
Note, also:

> In yet another troubling sign for the labor market, the Bureau of Labor Statistics said that it revised down the prior two months by a combined 103,000. May’s jobs total was cut by 66,000 to 129,000 total jobs added, while June’s total was lowered by 37,000 to a total gain of 57,000.

Re: U.S. economy lost 23,000 jobs in July, a sudden reversal

#9
post #5

Note, also: > In yet another troubling sign for the labor market, the Bureau of Labor Statistics said that it revised down the prior two months by a combined 103,000. May’s jobs total was cut by 66,000 to 129,000 total jobs added, while June’s total was lowered by 37,000 to a total gain of 57,000.

These guys are just nonstop liars. Print the headline, revise when no one is looking.
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