Economic Upswing Continues: Economy Added 201K Jobs, Wages Up by $17 Per Month, in August

[francoHFW]

...Get over it princess. The Trump economy is booming.

You have an odd idea of booming.

Everyone has their own idea of "booming". Some folks care about GDP--

-- and some care about unemployment---

--and others care about workers' wages:

Unemployment...just when did the "boom" start...
View attachment 215782


GDP...when did the boom start...
View attachment 215783

Wages...

When did the boom start?
View attachment 215784

Jobs creation, when did the boom start...

View attachment 215785

Deficit/surplus per month, when did the boom start...
View attachment 215786

And where is that terrible Obama economy Fox couldn't stop bitching about?

 

[francoHFW]

And the inflation we have now wiped out those wage increases they've been boasting about...

 

[Brain357]

...Get over it princess. The Trump economy is booming.

You have an odd idea of booming.

Everyone has their own idea of "booming". Some folks care about GDP--

-- and some care about unemployment---

--and others care about workers' wages:

Unemployment...just when did the "boom" start...
View attachment 215782


GDP...when did the boom start...
View attachment 215783

Wages...

When did the boom start?
View attachment 215784

Jobs creation, when did the boom start...

View attachment 215785

Deficit/surplus per month, when did the boom start...
View attachment 215786

And where is that terrible Obama economy Fox couldn't stop bitching about?

Remember when labor force participation was so important to a strong economy? Not so much since trump, even though participation hasn't changed.

 

[McRocket]

The rise in wages WAS very good. But the jobs numbers were LOUSY.

All you people (and the MSM - who are generally clueless about macroeconomics) are looking at is the Establishment Survey. But that is altered by the BLS using the Birth Death Model...a mathetmatical model that just adds or subtracts from the Establishment Survey. In August, it decided to add 104,000 (not seasonally adjusted, granted) 'job's to the Establishment Survey.

CES Net Birth/Death Model

This makes the Establishment Survey iffy at best, IMO.


But the Household Survey - to my knowledge - is NOT altered by some mathematical model...they just post the stats as they get them. Plus, this is the number the U-3 is based on. If you value the unemployment rate...than you HAVE to value the survey that it is based on.

And what did the Household Survey show for August? It showed 423,000 'jobs' LOST. And almost ALL of them were full time jobs.
Well - you might ask - why did the unemployment rate not shoot up? Because a whopping 469,000 people left the workforce...which more than cancelled out the massive jobs lost (as the LFPR dropped 0.2%).

Employment Situation Summary Table A. Household data, seasonally adjusted
Table A-9. Selected employment indicators

And finally, THE best barometer, IMO, of the employment situation - the employment-population ratio...dropped 0.2% (down is bad).

Bureau of Labor Statistics Data


Any of you who say the jobs numbers were good/great in August simply do not know what you are talking about. The wage rise was very good...the jobs numbers (overall) were lousy.

 

[francoHFW]

The rise in wages WAS very good. But the jobs numbers were LOUSY.

All you people (and the MSM - who are generally clueless about macroeconomics) are looking at is the Establishment Survey. But that is altered by the BLS using the Birth Death Model...a mathetmatical model that just adds or subtracts from the Establishment Survey. In August, it decided to add 104,000 (not seasonally adjusted, granted) 'job's to the Establishment Survey.

CES Net Birth/Death Model

This makes the Establishment Survey iffy at best, IMO.


But the Household Survey - to my knowledge - is NOT altered by some mathematical model...they just post the stats as they get them. Plus, this is the number the U-3 is based on. If you value the unemployment rate...than you HAVE to value the survey that it is based on.

And what did the Household Survey show for August? It showed 423,000 'jobs' LOST. And almost ALL of them were full time jobs.
Well - you might ask - why did the unemployment rate not shoot up? Because a whopping 469,000 people left the workforce...which more than cancelled out the massive jobs lost (as the LFPR dropped 0.2%).

Employment Situation Summary Table A. Household data, seasonally adjusted
Table A-9. Selected employment indicators

And finally, THE best barometer, IMO, of the employment situation - the employment-population ratio...dropped 0.2% (down is bad).

Bureau of Labor Statistics Data


Any of you who say the jobs numbers were good/great in August simply do not know what you are talking about. The wage rise was very good...the jobs numbers (overall) were lousy.

And the inflation affect on wages?

 

[McRocket]

The rise in wages WAS very good. But the jobs numbers were LOUSY.

All you people (and the MSM - who are generally clueless about macroeconomics) are looking at is the Establishment Survey. But that is altered by the BLS using the Birth Death Model...a mathetmatical model that just adds or subtracts from the Establishment Survey. In August, it decided to add 104,000 (not seasonally adjusted, granted) 'job's to the Establishment Survey.

CES Net Birth/Death Model

This makes the Establishment Survey iffy at best, IMO.


But the Household Survey - to my knowledge - is NOT altered by some mathematical model...they just post the stats as they get them. Plus, this is the number the U-3 is based on. If you value the unemployment rate...than you HAVE to value the survey that it is based on.

And what did the Household Survey show for August? It showed 423,000 'jobs' LOST. And almost ALL of them were full time jobs.
Well - you might ask - why did the unemployment rate not shoot up? Because a whopping 469,000 people left the workforce...which more than cancelled out the massive jobs lost (as the LFPR dropped 0.2%).

Employment Situation Summary Table A. Household data, seasonally adjusted
Table A-9. Selected employment indicators

And finally, THE best barometer, IMO, of the employment situation - the employment-population ratio...dropped 0.2% (down is bad).

Bureau of Labor Statistics Data


Any of you who say the jobs numbers were good/great in August simply do not know what you are talking about. The wage rise was very good...the jobs numbers (overall) were lousy.

And the inflation affect on wages?

Could you explain please as there are several ways to interpret that question/comment?

 

[francoHFW]

The rise in wages WAS very good. But the jobs numbers were LOUSY.

All you people (and the MSM - who are generally clueless about macroeconomics) are looking at is the Establishment Survey. But that is altered by the BLS using the Birth Death Model...a mathetmatical model that just adds or subtracts from the Establishment Survey. In August, it decided to add 104,000 (not seasonally adjusted, granted) 'job's to the Establishment Survey.

CES Net Birth/Death Model

This makes the Establishment Survey iffy at best, IMO.


But the Household Survey - to my knowledge - is NOT altered by some mathematical model...they just post the stats as they get them. Plus, this is the number the U-3 is based on. If you value the unemployment rate...than you HAVE to value the survey that it is based on.

And what did the Household Survey show for August? It showed 423,000 'jobs' LOST. And almost ALL of them were full time jobs.
Well - you might ask - why did the unemployment rate not shoot up? Because a whopping 469,000 people left the workforce...which more than cancelled out the massive jobs lost (as the LFPR dropped 0.2%).

Employment Situation Summary Table A. Household data, seasonally adjusted
Table A-9. Selected employment indicators

And finally, THE best barometer, IMO, of the employment situation - the employment-population ratio...dropped 0.2% (down is bad).

Bureau of Labor Statistics Data


Any of you who say the jobs numbers were good/great in August simply do not know what you are talking about. The wage rise was very good...the jobs numbers (overall) were lousy.

And the inflation affect on wages?

Could you explain please as there are several ways to interpret that question/comment?

Supposedly the new inflation has ruined the wage increase...

 

[Faun]

The BLS Employment Situation report for August shows that the Trump economic upswing is still going strong. The economy added 201,000 jobs in August, and there was a host of other good economic news in the report. Some highlights from the report:

* In August, average hourly earnings for all employees on private non-farm payrolls rose by 10 cents to $27.16. Note that an extra 10 cents per hour multiplied by 22 eight-hour work days equals an extra $17 per month--and keep in mind that this is just the increase for August.

* Over the year, the number of long-term unemployed has declined by 403,000. So over the last year, the number of long-term jobless people has dropped by 403,000. This is a huge improvement over the Obama years--the U-6 unemployment rate remained historically high under Obama. Even when the economy did fairly well under Obama in 2016, the number of long-term unemployed barely changed at all (see, for example, the BLS reports for January through December 2016).

* Mining employment increased by 6,000 in August, after showing little change in July. Since a recent trough in October 2016, the industry has added 104,000 jobs, almost entirely in support activities for mining.

* Employment in construction continued to trend up in August (+23,000) and has increased by 297,000 over the year.

And a record high number of people (over 96 million) who are not in the work force. Funny how rightards stopped talking about that, idn’t it?

 

[McRocket]

The rise in wages WAS very good. But the jobs numbers were LOUSY.

All you people (and the MSM - who are generally clueless about macroeconomics) are looking at is the Establishment Survey. But that is altered by the BLS using the Birth Death Model...a mathetmatical model that just adds or subtracts from the Establishment Survey. In August, it decided to add 104,000 (not seasonally adjusted, granted) 'job's to the Establishment Survey.

CES Net Birth/Death Model

This makes the Establishment Survey iffy at best, IMO.


But the Household Survey - to my knowledge - is NOT altered by some mathematical model...they just post the stats as they get them. Plus, this is the number the U-3 is based on. If you value the unemployment rate...than you HAVE to value the survey that it is based on.

And what did the Household Survey show for August? It showed 423,000 'jobs' LOST. And almost ALL of them were full time jobs.
Well - you might ask - why did the unemployment rate not shoot up? Because a whopping 469,000 people left the workforce...which more than cancelled out the massive jobs lost (as the LFPR dropped 0.2%).

Employment Situation Summary Table A. Household data, seasonally adjusted
Table A-9. Selected employment indicators

And finally, THE best barometer, IMO, of the employment situation - the employment-population ratio...dropped 0.2% (down is bad).

Bureau of Labor Statistics Data


Any of you who say the jobs numbers were good/great in August simply do not know what you are talking about. The wage rise was very good...the jobs numbers (overall) were lousy.

And the inflation affect on wages?

Could you explain please as there are several ways to interpret that question/comment?

Supposedly the new inflation has ruined the wage increase...

You are right...wages are now only just keeping pace with inflation. And that was from the last inflation measurement. Who knows what it will be for next time?

The average American worker is falling behind...and has been for a long time now.

And with Trump throwing tariffs around like candy (which are certainly inflationary)...American workers are not going to catch up anytime soon.

 

[ColonelAngus]

Trump was going to crash the economy. Dems must have made a fortune shorting the market.