That's why we predictably got this headline from the Wall Street Journal with reference to today's June employment release, which allegedly showed "employers added 850,000 jobs last month":

Stocks Tick Higher With Strong Jobs Report

Well, no, it wasn't and they (employers) didn't. In fact, total hours worked in June actually declined from the May level, and, far more importantly, were still down 4.4% from the pre-Covid peak in February 2020.

When expressed in total hours, there is absolutely nothing "strong" at all about the numbers. To wit, at the end of Q2 2021 total hours employed in the nonfarm economy were still down 8 billion hours from the Q4 2019 level.

That's right. Eight billion worker hours are MIA, yet the lazy shills at the WSJ, Bloomberg, Reuters et. al. keep pumping out bilge about an awesome economic rebound!