This article appeared online at TheNewAmerican.com on Thursday, July 6, 2017:
At first blush the jobs report from ADP, the data-processing firm that works with Moody’s Analytics in developing its monthly review, looked disappointing. Economists had expected 185,000 new jobs created in June but instead they got just 158,000. Further, both estimates and ADP were well below the 230,000 new jobs number reported for May.
A closer look behind the headlines reveals a startling fact: