Jobs. Jobs everywhere! - Jan Jobs increases by 350k due to Bidenomics

[citygator]

The train has left the station folks. We are on the greatest economic rise of our generation. Jobs everywhere, wages rising faster than prices, consumer confidence on a rocket ship to the moon. My thoughts and prayer go out to right wing doomsday hopefuls everywhere.

• The January jobs report showed that the US economy added a stunning 353,000 jobs last month, confounding market expectations Friday morning and pushing up Treasury yields.
• The unemployment rate stayed at 3.7%.
• Job gains were mostly focused in health care and social assistance, according to the Bureau of Labor Statistics.
• A new CNN poll shows the public’s long-held pessimism about the economy is easing.

In addition to Jobs everywhere the consumer confidence levels are higher than they’ve been in 3 years.

US Uni Of Mich. Sentiment Jan F: 79.0 (est 78.9; prev 78.8)- Sentiment Jan F: 81.9 (est 83.5; prev 83.3)- Sentiment Jan F: 77.1 (est 76.0; prev 75.9)- 1 Yr Inflation Jan F: 2.9% (est 2.9%; prev 2.9%)- 5-10 Yr Inflation Jan F: 2.9% (est 2.8%; prev 2.8%)

Live updates: Another shockingly good jobs report shows America's economy is booming

The US economy added a whopping 353,000 jobs last month, far more than the 176,500 jobs expected. It's yet another data point that underlines the country's economic strength, even in the face of 11 rate hikes from the Federal Reserve.

cnn.it

 

[citygator]

Oh.. Thanks Joe!

 

[1srelluc]

Well with the 86K lay-offs last month they will need them.....Maybe coding is involved.

 

[citygator]

Well with the 86K lay-offs last month they will need them.....Maybe coding is involved.

You get that jobs are added and subtracted right? Net we added. I didn’t see anyone posting all the open jobs in the country, just a few companies making record profit sliming down their staffs so they can make more money.

 

[1srelluc]

You get that jobs are added and subtracted right? Net we added. I didn’t see anyone posting all the open jobs in the country, just a few companies making record profit sliming down their staffs so they can make more money.

I get that their figures are always adjusted way down too....Not only that what percentage were "make work" .gov jobs?

 

[okfine]

You get that jobs are added and subtracted right? Net we added. I didn’t see anyone posting all the open jobs in the country, just a few companies making record profit sliming down their staffs so they can make more money.

The culler is a nothing but a grumbler.

The report says the jobs reflect multiple areas, too, not just seasonal or service sector.

 

[MarathonMike]

The train has left the station folks.

Woohoo you better tell all those homeless people you see everywhere to get a couple of them new jobs popping up everywhere!

 

[shockedcanadian]

Thank you Joe Biden, the greatest administration in world history!

 

[okfine]

I get that their figures are always adjusted way down too....Not only that what percentage were "make work" .gov jobs?

The report says Gov jobs also. Does that really bother you, or just a little?

 

[Lesh]

The economy keeps rolling along

Go Biden!!

 

[citygator]

Woohoo you better tell all those homeless people you see everywhere to get a couple of them new jobs popping up everywhere!

How would you like to tackle homeless? Im open to a public solution. you?

 

[JackOfNoTrades]

The economy keeps rolling along

Go Biden!!

He really needs a communications staff or a campaign staffer to start better communicating these gains.
The biggest issue among voters right now is fear. Fear that is stoked and inflamed by the right wing and alt-right.
It's worry that's keeping Biden's numbers low.

https://www.cnn.com/2024/02/02/politics/economy-jobs-biden-what-matters/index.html

 

[JackOfNoTrades]

How would you like to tackle homeless? Im open to a public solution. you?

Affordable housing would be a start. Boston has done some of this for the Mass and Cass encampment. But that's ignoring the biggest problem of mental health, abuse, addiction, and PTSD (veterans). Yes, there are people homeless because of circumstances, but quite a few, are out there because they want to be out there.

 

[Woodznutz]

The report says Gov jobs also.

Probably to study the effects of unemployment.

 

[JohnDB]

I don't believe their numbers.

Every single number gets "adjusted " by huge percentages every time one gets put out. At least a third of those numbers are bogus to start with....then comes the actual counting and maybe a third of those claimed are true.

The Russell 2,000 index is DOWN 40%.

Not up...not neutral....DOWN. as in lost capitalization because they are not profitable companies.

 

[hadit]

The train has left the station folks. We are on the greatest economic rise of our generation. Jobs everywhere, wages rising faster than prices, consumer confidence on a rocket ship to the moon. My thoughts and prayer go out to right wing doomsday hopefuls everywhere.

• The January jobs report showed that the US economy added a stunning 353,000 jobs last month, confounding market expectations Friday morning and pushing up Treasury yields.
• The unemployment rate stayed at 3.7%.
• Job gains were mostly focused in health care and social assistance, according to the Bureau of Labor Statistics.
• A new CNN poll shows the public’s long-held pessimism about the economy is easing.

In addition to Jobs everywhere the consumer confidence levels are higher than they’ve been in 3 years.

US Uni Of Mich. Sentiment Jan F: 79.0 (est 78.9; prev 78.8)- Sentiment Jan F: 81.9 (est 83.5; prev 83.3)- Sentiment Jan F: 77.1 (est 76.0; prev 75.9)- 1 Yr Inflation Jan F: 2.9% (est 2.9%; prev 2.9%)- 5-10 Yr Inflation Jan F: 2.9% (est 2.8%; prev 2.8%)

Live updates: Another shockingly good jobs report shows America's economy is booming

The US economy added a whopping 353,000 jobs last month, far more than the 176,500 jobs expected. It's yet another data point that underlines the country's economic strength, even in the face of 11 rate hikes from the Federal Reserve.

cnn.it

Good job, House Republicans!

 

[shockedcanadian]

He really needs a communications staff or a campaign staffer to start better communicating these gains.
The biggest issue among voters right now is fear. Fear that is stoked and inflamed by the right wing and alt-right.
It's worry that's keeping Biden's numbers low.

https://www.cnn.com/2024/02/02/politics/economy-jobs-biden-what-matters/index.html

The details of job reports require details assessment in order to be noteworthy. Such as:

1) Are these jiobs government funded jobs or private sector?

2) Are they full time or part-time?

3) Are they temporary/seasonal or permanent?

4) What is the moving average of earnings for American citizens relative to inflation?

I can tell you that on these metrics, Ontario in particular is in a recession and near depression. Plenty of public service work being milked by the apparatuses, but little entrepreneurial expansion.

What does the data say for the U.S? I am hearing constant reports of fears of a major recession, especially as the U.S debt expands and there are even more new citizens to care for now. This strain risks hyper inflation.

 

[Mac1958]

The train has left the station folks.

The "soft landing" is turning into a fly-by

Ya never know, but it's sure nice to see.

 

[Greenbeard]

I get that their figures are always adjusted way down too....

This report adjusts the December numbers way up.

 

[Woodznutz]

The details of job reports require details assessment in order to be noteworthy. Such as:

1) Are these jiobs government funded jobs or private sector?

2) Are they full time or part-time?

3) Are they temporary/seasonal or permanent?

4) What is the moving average of earnings for American citizens relative to inflation?

I can tell you that on these metrics, Ontario in particular is in a recession and near depression. Plenty of public service work being milked by the apparatuses, but little entrepreneurial expansion.

What does the data say for the U.S? I am hearing constant reports of fears of a major recession, especially as the U.S debt expands and there are even more new citizens to care for now.

More jobs added to the bloated government. Jobs more involved with giving away the store than solving problems.

I heard that 90,000 of the new jobs are part time.

The healthcare industry added jobs as well, a testament to the failing health of Americans. Much of the new 'health care' will go to illegal immigrants, at the expense of Americans who need it, and the healthy taxpayers who will pay for it (at the expense of other needed programs). Talk about the 'domino theory'.