An Observation about the Job Numbers
As Doug Mataconis beat me to noting, the July jobs were a bit better that expected (and May and June were slightly revised upward).
Via CNN’s write-up ( July jobs report: Hiring picks up), the following struck me (emphasis mine):
Businesses were busy hiring, adding 154,000 workers in the month, topping forecasts of 100,000 new jobs. But those gains were tempered by a loss of 37,000 government jobs, mostly from state and local governments, where budget shortfalls led to layoffs in July, especially in Minnesota where the government was briefly shut down.
Now, I understand that what we need primarily are private sector jobs. However, I think the above should remind us that government jobs are still, well, jobs. As such, some of the politicking that we, as a country (such as state government shutdowns, flirting with federal government shutdowns, the FAA impasse, etc.) have real economic effects. They aren’t pretend jobs with pretend economic effects just because they are in the public sector. The mortgage check written and the trip to Wal*Mart and all the other economic activity of the government employee matters as well.
I point out what ought to be obvious because when politicians (and many of their supporters) start engaging in various activities (like the petty FAA fight that is, thankfully, settled for the moment, or threatening to shutdown government) they often act as if there are no economic implications and seem to frequently ignore that real people with real jobs are involved.