Anonymous wrote:Anonymous wrote:Anonymous wrote:August Non-Farm Jobs Report
22k vs expected 75k
4.3%unemploymnet
Revised July Report
79k from originally reported 73k
Underemployment rate. 8.6% up from last month
We are not winning
And btw, equities went up on the news that people are not working. Apparently, it is a positive sign that the interest rates will definitely be cut, maybe three cuts this year. Great for businesses wanting to borrow money, not so great for the under and unemployed people.
Yeah this is what people mean when they say the stock market is not the economy. But it is possible to have record high stock markets and amazing job numbers, i.e. our previous President.
Anonymous wrote:Anonymous wrote:August Non-Farm Jobs Report
22k vs expected 75k
4.3%unemploymnet
Revised July Report
79k from originally reported 73k
Underemployment rate. 8.6% up from last month
We are not winning
And btw, equities went up on the news that people are not working. Apparently, it is a positive sign that the interest rates will definitely be cut, maybe three cuts this year. Great for businesses wanting to borrow money, not so great for the under and unemployed people.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Today’s jobs report includes a downward revision for the month of June, saying the U.S. labor market had lost -13,000 jobs that month, much lower than a previous estimate of +14,000 jobs added.
It marked the first monthly job loss since December 2020.
Wow, does anyone remember who was president then?
He sucks at the economy. I don’t know why MAGA thought their lives were better under Trump 1.0?
Anonymous wrote:Worst job numbers since the pandemic. Even after Trump fired people because he wanted to contain the truth about his failing economy. That makes the BLS firing even more of a scandal and cover up. Trump is ruining good people so that he can perpetuate lies.
Anonymous wrote:It gets worse: all jobs gains were part time
Full-time jobs: -357K
Part-time jobs: +597K
This a trend that started during Biden's administration.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Today’s jobs report includes a downward revision for the month of June, saying the U.S. labor market had lost -13,000 jobs that month, much lower than a previous estimate of +14,000 jobs added.
It marked the first monthly job loss since December 2020.
Wow, does anyone remember who was president then?
He sucks at the economy. I don’t know why MAGA thought their lives were better under Trump 1.0?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Today’s jobs report includes a downward revision for the month of June, saying the U.S. labor market had lost -13,000 jobs that month, much lower than a previous estimate of +14,000 jobs added.
It marked the first monthly job loss since December 2020.
Wow, does anyone remember who was president then?
He sucks at the economy. I don’t know why MAGA thought their lives were better under Trump 1.0?
Anonymous wrote:Anonymous wrote:Today’s jobs report includes a downward revision for the month of June, saying the U.S. labor market had lost -13,000 jobs that month, much lower than a previous estimate of +14,000 jobs added.
It marked the first monthly job loss since December 2020.
Wow, does anyone remember who was president then?
Anonymous wrote:It gets worse: all jobs gains were part time
Full-time jobs: -357K
Part-time jobs: +597K
This a trend that started during Biden's administration.
Anonymous wrote:Today’s jobs report includes a downward revision for the month of June, saying the U.S. labor market had lost -13,000 jobs that month, much lower than a previous estimate of +14,000 jobs added.
It marked the first monthly job loss since December 2020.
Anonymous wrote: June job change was negative after revisions.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Is anybody else interested in seeing the job #s BLS releases tomorrow?
Nah. They have already started cooking those numbers. I think the private sector ADP numbers and company earnings reports are better indicators of the market than Trump’s BLS numbers
They have not started cooking the numbers! Private sector cannot replicate the depth and breath of BLS and other statistical agencies. You don’t know what you’re talking about!
DP. After Trump fired the commissioner when he didn’t like the numbers, it’s hard to trust anything coming out of there. People don’t want to get fired. I don’t blame them. There are no jobs!
If you were aware of how many people are involved in data collection and processing, you would not think this. Additionally, the acting head is not a political appointee. He would not cave to WH pressure; he would quit! He doesn’t have to find a job; he can retire. The numbers are not manipulated…yet. If that dimwit douchebag with his diploma-mill education and J6 participant that Trump nominated take leadership then yes, BLS is a partisan operation. It isn’t right now.
The acting head isn't the issue, it is the nominee that is the issue.