Some more bad news for the economy as 131,000 jobs left the economy last month. While overall private employment did increase over 70,000, 200,000 public jobs (mainly census) disappeared. This is more evidence that the economy is slowing down and that the effects of the stimulus were far fewer than advertised and far more temporary.
Plus we lost almost 100,000 more jobs than previously believed in June, leaving us down over 200,000 that month.
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