Another Paint-By-The-Numbers Friday

It’s another paint-by-the-numbers Friday. The headline number was predictably rosy, but please don’t look underneath the hood. The jobs engine is still coughing and sputtering. For instance, among the grand total of 280,000 new jobs reported for May, the entire goods producing sector—-construction, manufacturing, mining and energy—- accounted for just 6,000 or 2% of the gain. And […]
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