The June jobs report is out, and it is great:
The job gains in May were also revised upward, from 2.5 million to 2.7 million.
In short, the economy is roaring back. I assume this accounts for the Democrats’ desperate attempts to re-impose shutdowns. They need to keep the economy in a depressed state until November.
One sector has not seen job growth over the last two months:
As the economy added 4.8 million jobs, state governments shed another 25,000 jobs–this is the fourth month in a row that state governments have lost jobs. And it will only get worse without fiscal relief.
— Jason Furman (@jasonfurman) July 2, 2020
I think he misspelled “better.”
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