Executive Summary
- The US economy lost 23,000 jobs in July, a sudden reversal.
- Health care was the only sector that added jobs.
- Experts are skeptical about the numbers and the magnitude of uncertainty around them.
The Buzz Score
The Internet’s Verdict: 60% Surprised, 40% Skeptical
Expert Reactions
Experts are weighing in on the sudden job loss in the US economy.
As a data scientist it is very frustrating to see a consistent lack of error bars on these numbers or any discussion about the magnitude of uncertainty around them by all news reports every time these numbers get released
Others are looking at the data from different angles.
I have recently started an experiment tracking a sample of 5000 employers in US and I see a bounce last week after a brief lull in july. I am not sure if there is a strong downward trend.
Some are pointing out interesting trends in the data.
What is also interesting is that the only sector that added jobs was health care.
And then there are those who think the numbers might be manipulated for political gain.
govt is resetting the baseline now, so we will see some good numbers in November. it’s all about optics for mid term.
Focus Keyword: US Jobs
