CNN’s Chatterley: There’s Reasons To Be Optimistic, Even in a Slowing Jobs Market

EXCERPT:

CHATTERLEY: “The danger and the slight warning sign in these numbers, the revisions to what we saw in July. July actually was the big fear factor, the recession warning that people were talking about. Those numbers were revised lower, so were June‘s numbers. So there‘s a little warning sign in the revisions again next month — this is a very important point until next month‘s data — we‘ll watch that to see whether we see revisions again. But if you look at the past three months once actually overall, this does show a little bit of a pickup in the amount of jobs that were added, net, over the month. But the revisions lower to June and July are warning. Where we were adding? Construction, health care. Where we lost? A little bit in manufacturing. There will be some alerts. As I said, this doesn‘t address, I think, the question of what the Fed does, but the underlying data in this is still pretty good. Wages picked up a little bit. There‘s reasons to be optimistic, even in a slowing jobs market."