Andrew Leonard, Salon
The bleeding stopped — at least temporarily. The U.S. economy added 163,000 jobs in July, a significant jump from June’s revised 64,000 gain, and its best performance in five months. The unemployment rate rose one notch to 8.3 percent.In a healthy economy, 163,000 would not constitute a very exciting number; barely enough to keep up with population growth, and most certainly not indicating that what economists call “full employment” is anywhere within sight. But in a presidential campaign entering its home stretch, the numbers are good enough...
The bleeding stopped — at least temporarily. The U.S. economy added 163,000 jobs in July, a significant jump from June’s revised 64,000 gain, and its best performance in five months. The unemployment rate rose one notch to 8.3 percent.In a healthy economy, 163,000 would not constitute a very exciting number; barely enough to keep up with population growth, and most certainly not indicating that what economists call “full employment” is anywhere within sight. But in a presidential campaign entering its home stretch, the numbers are good enough...
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