While last month’s outlier spike in Information-related jobs, which saw 42K tech sector created in June, has come and gone, the breakdown of the July job additions confirms that some recently well-known trends continue, namely that the bulk of new jobs added remain in low-paying industries. Not only that, but some frank question marks emerge, like for example how did the government add 27K education jobs in July (out of a toal 38K) at a time when shools don’t hire. The answer: seasonal adjustments and model quirks.
So where were the July jobs? As our friends at Southbay Research point out, “Obamacare jobs offset weak Industrial and Consumer payrolls”
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