I was really, really, really hoping this would be part of the White House’s Blamestorming as to yet another “eh” and “blah” jobs report. Alas, no
The adult film industry appears to have made a disappointing August jobs report look even worse. The report shows carnage in the movie business. It lost 22,000 jobs on the month, or nearly 6 percent of its total jobs.
Of course, that was expected to be temporary, due to a temporary shutdown because of an HIV scare, as one actress apparently tested HIV positive.
As the Administration stresses every month, the monthly employment and unemployment figures can be volatile, and payroll employment estimates can be subject to substantial revision. Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available. Nevertheless, incoming economic data broadly suggest that the recovery continues to make progress. It is therefore essential that policymakers avoid “self-inflicted wounds” that could derail the recovery and stay focused on policies that will help sustain and boost the pace of job creation.
Ed Morrissey breaks down all the numbers (except the porn part), and notes a jump of 516,000 who disappeared from the workforce in despair. I’m sure they’re thrilled that the Admin sees progress in the recovery. Which has been going on for over 4 years now.