While the New York Times report on job growth looks dismal given the headline- Job Growth at Halt in U.S. – Worst Showing in 11 Months – NYTimes.com.- there are some counter points to note:
- The jobs report did not include 45,000 Verizon employees who are on strike, making the number appear slightly more negative than it is.
- Businesses are holding off on hiring, yet they are not laying workers off.
- The healthcare sector added 29,700 jobs in August.
- In July, retail sales and sales of durable goods- usually more expensive items purchased on credit- were up 4%.
While times are still tight, at least they are holding steady right now.
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