Shortly after the Bureau of Labor Statistics released its August report — which showed that the economy had created a middling 130,000 new jobs — the White House issued an effusive statement.
Pointing to record low unemployment rates for black Americans (5.5 percent) and Hispanics(4.2 percent), the White House report boasted, “The Trump Administration’s pro-growth policies continue to move workers off the sidelines and develop an even more prosperous economy.”
But the monthly BLS reports often lose their glow when analyzed with greater scrutiny. In August, government jobs increased by 34,000, low-paying education and health care added 32,000 and professional and business services increased by 37,000. Even though August reflected solid and welcome wage growth in many employment sectors, building a retirement nest