Reply #19: There were 88,000 FEWER people employed in the private sector in July [View All]

[TahitiNut]

... than in June. (There were 113,018,000 people employed in June and 112,930,000 people employed in July in the private sector. Those are still 'preliminary' numbers.)

Those "200,000 jobs" were 'Seasonally Adjusted' jobs ... a statistical method used to eliminate the month-to-month variances in employment caused by (so-called) 'seasonal jobs' like teachers, construction, camp counselors, etc.

Now, here's part of the "rub": Almost none of the jobs in the manufacturing sector are 'seasonal' - but jobs in retail and service are 'seasonal.' Since the share of jobs in the retail and service sectors are growing and the manufacturing jobs are shrinking, the statistical model is being preemptively "tweaked" to make things look shiney and nice.

Here's another interesting fact: The year-over-year number of people employed during the Bush/Cheney maladministration HAS NEVER been equal to or above the average increase in jobs as calculated over the past 50 years! This is the LONGEST and DEEPEST prolonged shrinkage (NEVER above average) in employment in the past 65 years!

This will help show that last factoid ....