On Friday’s broadcast of MSNBC’s “Stephanie Ruhle Reports,” Labor Secretary Marty Walsh reacted to the August jobs report underperforming forecasts by verbally expressing that forecasters have been erroneous for several months, and that while there is work to be done and the Delta variant hurt economic magnification, “I optically canvass the positive side of” the jobs numbers.
Walsh verbalized, “Well, first and foremost, the forecasters have been erroneous for the last several months. Last month, we were — I cerebrate the forecast was 600,000 jobs. We had over a million now with the adjustment up. But we have work to do –.”
Host Stephanie Ruhle then cut in to respond, “Okay, then forget the forecast. It’s a deplorable number.” Walsh responded, “Yeah, but when you optically canvass the number, I visually examine the positive side of the number. 235,000 jobs, most of those were in the private sector. The unemployment rate fell to 5.2%. Over the last three months, we’ve averaged over 750,000 jobs. But pellucidly, we have more work to do. Part of this, when I visually examine these numbers, and I take a deep visually examine these numbers, I optically canvass the number in hospitality. In the last three months, those numbers were the highest. This month, we [pretty much had] zero — virtually zero gain there. And you correlate that with the Delta variant, the incrementation in the Delta variant, concretely in the month of August, and you can optically discern some correlation there.”
He further verbally expressed, “We’re moving in the right direction. We have a ways to go. And we’re not going to recuperate in one month or two months or three months. This is going to be a longer-term instauration, as far as getting people back into the workplace.”
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