LAT on jobs

The LAT never reported the good job growth of recent years but today reports the August decline in a headline on page 1. In a subhead, the LAT says "Democrats call for a Fed rate cut." Larry Kudlow has called for a Fed rate cut since July.

LAT reporter Peter Gosselin then reports the 81,000 downward revision for June and July and suggests that the economy was weaker then than previously thought. Maybe, but 2nd quarter GDP growth was recently revised upward to 4 percent, which is hardly recessionary.