Employment Situation Summary: Not A Blood Bath, Still Not A Good Jobs Report (Video)

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Welcome to the All Facts Matter podcast, where we push back against corporate media propaganda with facts, evidence, and data. I'm Peter, the author of All Facts Matter. Let's begin. After the bloodbath that was the October employment situation summary, the Bureau of Labor Statistics was mathematically certain to issue a better report for November.

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And to their credit, the BLS succeeded in getting over that bar. And that was about the only way that the BLS actually exceeded expectations when you look at the data. Now, economists had largely shrugged off the absolutely horrific jobs numbers from October and were quite comfortable in predicting about 215,000 jobs would be created in November,

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a moderate level of job growth. And as it turned out, the BLS reports that 227,000 jobs were added in November. So the jobs report beat the economist estimate by about 12,000 jobs. And that sounds pretty good. However, there is a rather significant miss. And that is that private sector employment

Employment Situation Summary: Not A Blood Bath, Still Not A Good Jobs Report (Video)

Despite High Expectations, The Reality Remains Underwhelming

Peter Nayland Kust

Dec 07, 2024

Transcript

It is foolish to talk of economic growth when there is not also job growth—and despite what the top-level numbers show, when you peel the layers back and examine the gory details of the Employment Situation Summary, the one thing you do not find is job growth.

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