August Jobs Report

Today the Labor Department released its monthly jobs report and it was not a real good report judging from this headline in the New York Times:

Job Growth Slowed in July, Signaling a Loss of Economic Momentum

The ranks of the employed grew by 1.8 million, a drop from the pace of the previous two months, as renewed business closings hampered the recovery.

Oh my goodness, as you can see in the sub-lede, what "Job Growth Slowed" means in ex-Quasi-ese is that jobs increased and increased by more than the experts forecast, which was an average 1.5M. Of the 22M jobs lost to the Trump Epidemic, 9.1M were recovered in the last three months. That's pretty good and also "better than expected."

IllegiTrump & Friends boasted they would get a “V-shaped recovery.

That’s not a V. It's not a V because the job growth has been so steep! Lol ex-Quasi's. You would need more separation between those blue lines, that is, slower, job gains to make it recognizable as a V. I wouldn't put money on this but I think it's probable we'll have a V, and that it'll go just short of the top in February.

The unemployment rate fell to 10.2%, "Only 10.2%" could be the Times' lede.