Another Wild Jobs Report: Payroll Employment Rose A Disappointing 20,000

Looking for jobs on Monster does not count as “looking for a job”. You need an actual interview or send out a resume.

These distortions artificially lower the unemployment rate, artificially boost full-time employment, and artificially increase the payroll jobs report every month.

Final Thoughts

Last month's report was one of the strangest in a long time. This month repeated the story but in different ways. The three month average of jobs is now +186,000 per month. The three month average in employment is only +47,000 per month.

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