McRocket
Gold Member
- Apr 4, 2018
- 5,031
- 707
- 275
- Banned
- #1
'Job creation decelerated strongly in May, with nonfarm payrolls up by just 75,000 even as the unemployment rate remained at a 50-year low, the Labor Department reported Friday.
The decline was the second in four months that payrolls increased by less than 100,000 as the labor market continues to show signs of weakening. Economists surveyed by Dow Jones had been looking for a gain of 180,000.
In addition to the weak total for May, the previous two months’ reports saw substantial downward revisions. March’s count fell from 189,000 to 153,000 and the April total was taken down to 224,000 from 263,000, for a total reduction of 75,000 jobs.'
Jobs creation slows dramatically with payrolls up just 75,000 in May, much worse than expected
When I saw the lousy ADP numbers a few days ago - I was almost certain the BLS numbers would suck.
And they do.
Ha...to Trump/Trumpbots and their ridiculous trade war. I bet the economy would slow down...and it is doing just that. I clean up while Trump and his little minions continue to have egg on their faces.
I LOVE IT.
This will hurt Trump AND (eventually) the Fed....EXCELLENT.
(sorry the economy has to suffer short term to get that fat, senile piece of filth out of the WH...but I warned everyone for years that his tariff ideas were madness - so my conscious is clear)
And in case you ignoramuses say 'so what, the DOW is booming today'. Yeah morons, the equities are booming because this shitty jobs report means more likelihood of rate cuts. And rate cuts means a WEAK ECONOMY.
Plus it means the central bank intervention of the past 10 years is a COMPLETE FAILURE (don't try and understand - because 95% of you don't...even if you think you do).
LOVE to watch the human rat Trump and his minions fail.
The decline was the second in four months that payrolls increased by less than 100,000 as the labor market continues to show signs of weakening. Economists surveyed by Dow Jones had been looking for a gain of 180,000.
In addition to the weak total for May, the previous two months’ reports saw substantial downward revisions. March’s count fell from 189,000 to 153,000 and the April total was taken down to 224,000 from 263,000, for a total reduction of 75,000 jobs.'
Jobs creation slows dramatically with payrolls up just 75,000 in May, much worse than expected
When I saw the lousy ADP numbers a few days ago - I was almost certain the BLS numbers would suck.
And they do.
Ha...to Trump/Trumpbots and their ridiculous trade war. I bet the economy would slow down...and it is doing just that. I clean up while Trump and his little minions continue to have egg on their faces.
I LOVE IT.
This will hurt Trump AND (eventually) the Fed....EXCELLENT.
(sorry the economy has to suffer short term to get that fat, senile piece of filth out of the WH...but I warned everyone for years that his tariff ideas were madness - so my conscious is clear)
And in case you ignoramuses say 'so what, the DOW is booming today'. Yeah morons, the equities are booming because this shitty jobs report means more likelihood of rate cuts. And rate cuts means a WEAK ECONOMY.
Plus it means the central bank intervention of the past 10 years is a COMPLETE FAILURE (don't try and understand - because 95% of you don't...even if you think you do).
LOVE to watch the human rat Trump and his minions fail.
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