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312K Full-Time Jobs Were Lost In Last Two Months, Offset By 118K Part-Time Hires

312K Full-Time Jobs Were Lost In Last Two Months, Offset By 118K Part-Time Hires

While we already assessed the quantitative aspect of today's jobs report, which we characterized as abysmal because even when factoring in the 35,000 Verizon job losses, there was some 130,000 unexplained layoffs (sorry, it wasn't the weather), it is time for a look at the qualitative aspects of the report. And, we are sad to report, that things here go from bad to worse: while in the recent past disappointing headline payrolls were at least offset by an improvement in full-time jobs, this did not happen in May.

Anti-Trump Mob Runs Amok

This infuriates me. Here, on the LA Times site, is footage of Donald Trump supporters being beaten up in San Jose outside the rally. In America. Peaceful supporters of a presidential candidate cannot go to hear him speak without mobs attacking them.

Here are a few tweets from a CNN reporter on the scene to give you a sense of what’s happening there:

Clinton Rejects ‘America First’

“Clinton to Paint Trump as a Risk to World Order.”

Thus did page one of Thursday’s New York Times tee up Hillary Clinton’s big San Diego speech on foreign policy.

Inside the Times, the headline was edited to underline the point:

“Clinton to Portray Trump as Risk to the World.”

The Times promoted the speech as “scorching,” a “sweeping and fearsome portrayal of Mr. Trump, one that the Clinton campaign will deliver like a drumbeat to voters in the coming months.”

What is happening here?

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