The trend is your friend. John had already covered earlier today the big news on the blowout May jobs report and the upward revisions on past months’ data.
I like to dig into the report each month for certain numbers that reinforce helpful trends within the bigger trends.
In May, the federal government workforce shrunk by another 2,600 for the month. The post office made up for that with more hiring. More worrying, local government grew last month by 44,000 additional workers.
One step forward, two steps back.
