Hidden Truths and Tested Adages

Well, it’s another BLSBS Friday and today just simply brought more of the same….a headline number that “beat expectations” followed by significant downward revisions to the prior month and the revelation that most of the new jobs are of the part-time variety, anyway.

So where do we even start? Your first hidden truth deals with the raw data. Note that the “new jobs” total far exceeded expectations again but also note that the unemployment rate inched up from 3.7% to 3.9%….

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