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Thursday, July 28, 2022
CNS Unemployment Coverage Distortion Watch

As we've noted, when the employment numbers are too good for President Biden, shifts focus to cherry-picked numbers that can be made to look not as good. That was the case for June's numbers , when 372,000 new jobs were added. The main article by Susan Jones buried that under the confusing headline "BLS: Labor Force Participation, -0.1%; Not in Labor Force, +510,000; Employed, -315,000":

The Federal Reserve raised interest rates three-quarters of a point on June 15, and Chairman Jerome Powell said another rate hike may happen this month.

But so far, the labor market remains strong, despite some softening last month in labor force participation, the number of employed Americans, and the number of people not in the labor force.

Non-farm payrolls added 372,000 jobs in June, well above the consensus estimate of around 268,000 and about even with the 384,000 jobs (revised) added in May, the Labor Department's Bureau of Labor Statistics reported on Friday.

Notable job growth last month occurred in professional and business services, leisure and hospitality, and health care.

The number of employed Americans interrupted its previous upward march, settling at 158,111,000 in June, down 315,000 from the May number.

But the number of unemployed Americans -- those without a job who have actively looked for work in the prior 4 weeks and are currently available for work -- has steadily declined during Biden's presidency, reaching a Biden-era low of 5,912,000 in June.

Jones remained obsessed with claiming how much better things were under Donald Trump: "The participation rate was 61.4 percent when Joe Biden took office as the pandemic raged. Today's number, 62.2 percent, is still below the Trump-era high of 63.4 percent in February 2020, just before COVID shut things down."

That was joined by the usual sidebar from editor Terry Jeffrey on government employement, and he found a negative number to cheer:

The number of people working for the federal government declined by 13,000 in June, dropping from 2,866,000 in May to 2,853,000,according to the employment report released today by the Bureau of Labor Statistics.

Overall government employment in the United States declined by only 9,000 from May to June as local governments added workers.

He also seemed happy that the number of government workers is less than it was under Trump: "In February 2020, there were 22,879,000 working for government in the United States—compared to the 22,215,000 working for government in June 2022.

Posted by Terry K. at 12:35 AM EDT

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