Remember how the June and July numbers looked O.K. Then all of a sudden got revised down by “a bunch”. If August follows this pattern, and it looks like it might (good prelim #’s and then a massive down revision)it could mean a real negative.
More troubling is the 5 plus million people who have “left the work force” in previous months” and the 100’s of thousands that left in August for a “stable” unemployment rate. Does anyone really believe that unemployment is under 5% with home construction and banking falling into the pit?
And that may be why 13 ppm is an issue. The numbers are so bad now, that even the lies look bad