It’s been three weeks since the Bureau of Labor Statistics released the July job numbers, and the muted optimism that greeted news of a modest uptick in nonfarm payrolls seems to have dissipated as the presidential campaign has turned relentlessly negative.
According to the BLS, total nonfarm employment rose by 163,000 in July -- an increase of 99,000 from the 64,000 jobs added in June and significantly better than the 96,000 jobs added in July 2011. While the unemployment rate remained stuck at 8.3 percent (12.8 million people) -- a fact Republicans are likely to beat like a drum at their convention -- the average number of jobs added on a monthly basis rose above 151,000 for the first time in 2012.
"America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves...."
— Abraham Lincoln (1809-1865)
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