The Weekly Wrap: This Is What Full Employment Looks Like
\n\nWelcome back to Friday! It’s the first Friday of the month, which means it is Jobs Friday, and it is now Labor Day weekend. This will be a special edition of our weekly wrap focused on the employment situation in America. Plus we’ve got a lot of musical accompaniment to get you through the weekend.
\n\nEddie Cochran’s 1958 hit “Summertime Blues” was about the problems of summer employment—not the difficulty of finding a job but the trouble of having one. Lots of Americans know just how that feels now. We’re all working and everyone is grumbling.
\n\nThe U.S. economy added 162,000 jobs in August, compared with the consensus forecast of 55,000. Not only did we add more than three times as many jobs as expected, but we also exceeded even the most bullish forecasts for around 100,000 jobs. What’s more, the prior two months were substantially better than earlier reported. June was revised from 20,000 to 31,000, while July was revised from a 23,000 loss to a 21,000 gain. Together, the revisions added 55,000 jobs and erased the supposed July contraction.
\n\nThe strength came overwhelmingly from the private sector. Private…
Original source: https://www.breitbart.com/economy/
