The Fed Should Look at Private-Sector Jobs Growth and Not Get Distracted by the Massive Federal Government Job Cuts

Federal government civilian headcount got slashed by 162,000 in October and by 172,000 over the three months of September, October, and November, according to the delayed nonfarm payroll report for November, with backfilled data for October, released today by the Bureau of Labor Statistics, as part of its “establishments survey.”