According to the WSJ today:
” Private Sector Adds 67,000 Jobs
U.S. Economy Lost 54,000 Jobs in August; Unemployment Rate Rises to 9.6%”
…….. So did the U.S. gain jobs, or lose jobs? I’m confused… how did we gain jobs when we acutually lost 54,000 jobs??
Source: http://online.wsj.com/
“U.S. Private Sector Adds 67,000 Jobs”
What The…. Economy? Jobs? Someone In Economics Or Finance Please Help?
By antivirus software Posted in: RISING
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The net job loss was 54,000, but there were about 117,000 census workers that were laid off last month. So although there was a net loss of jobs, it was considered good news because the private sector added 67,000 jobs. Private sector jobs are “real” jobs that contribute to economic growth, unlike government jobs.
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