August Jobs report flops, 130,000 jobs added.

[Johnny2X2X]

https://www.bls.gov/news.release/empsit.nr0.htm

130,000 jobs added. June and July revised down too. Averaging 155,000 jobs a month the last 3. On the year we're averaging 158,000 new jobs a month. Economists expected job growth of 160,000.

Obama handed Trump the golden goose of an economy and he decided he wanted roasted goose.

[Raven]

1. Oops! Get the sharpie out! n/t

[durablend]

4. Already said that

That 130,000 will be "revised" to 430,000 by the end of the day

[Prosper]

2. Trump right on schedule

Remember this:
“• During the Republican debate in Milwaukee in November 2015, Trump said wages are "too high" and, when asked whether he would raise the minimum wage, said, "I would not do it."

His thinking and subsequent actions are to lower USA wages. His low unemployment numbers nullified by no matching increase in wages are fulfilling his desire to lower the standard of living for the working class.

[Johnny2X2X]

3. Private sector job growth YTD is on pace to be the weakest in at least 6 years.

Government hiring is making this look better than it was. Big Government Trump is expanding the size of the government and its powers.

[Johonny]

5. I think the key from listening to economists is the revising down

The typical model isn't working. They've been rounding down for a bit now. So we can expect this number is even less. However, it's still positive. Slow-down versus recession will probably linger for the remainder of the year.