Nearly 1 million new jobs in July, S&P hits new record

[citygator]

Dow, S&P 500 hit record highs after strong jobs report

June was revised up, as well, to just under 1 million. Even conservatives have to be happy about this progress.


Friday’s jobs report showed that the U.S. economy added 943,000 jobs in July, according to the Labor Department. Economists expected the economy to have added 845,000 jobs last month, according to estimates from Dow Jones. The unemployment rate dropped to 5.4%, below the estimate of 5.7%.

Bank shares led the gains post-jobs report as rates shot higher, increasing their profitability prospects. Shares of JPMorgan rose more than 2%, while Bank of America and Wells Fargo climbed more than 3%. Industrials, retailers and energy stocks also gained as the jobs report soothed concerns about the economic comeback.

 

[Wild Bill Kelsoe]

The job market in improving, in spight of Biden. That's good news.

 

[Sunsettommy]

The job market in improving, in spight of Biden. That's good news.

It appears to be mainly a Wall Street gain, what about Main Street?

 

[DrLove]

Just looked at my IRA. Yep, good job Joe!

35,205.04 +140.79 (0.40%)today
Aug 6, 12:16 PM EDT

 

[mudwhistle]

Dow, S&P 500 hit record highs after strong jobs report

June was revised up, as well, to just under 1 million. Even conservatives have to be happy about this progress.


Friday’s jobs report showed that the U.S. economy added 943,000 jobs in July, according to the Labor Department. Economists expected the economy to have added 845,000 jobs last month, according to estimates from Dow Jones. The unemployment rate dropped to 5.4%, below the estimate of 5.7%.

Bank shares led the gains post-jobs report as rates shot higher, increasing their profitability prospects. Shares of JPMorgan rose more than 2%, while Bank of America and Wells Fargo climbed more than 3%. Industrials, retailers and energy stocks also gained as the jobs report soothed concerns about the economic comeback.

Eventually we'll get back most of the 20 million jobs Democrats caused us to lose in April 2020 with their lockdowns.
When they start creating new jobs....let me know.

 

[C_Clayton_Jones]

Good news.

 

[Wild Bill Kelsoe]

It appears to be mainly a Wall Street gain, what about Main Street?

The Democrats don't give a fuck about those folks.

 

[bendog]

The Democrats don't give a fuck about those folks.

943k JOBS, and improving wages.

And imo the gop was partially sincere that cutting taxes on the wealthy would help workers, but I disagree.

 

[Rogue AI]

Things are so good they even needed to unconstitutionally extend the eviction moratorium. Wait a second...

 

[rightwinger]

Dow, S&P 500 hit record highs after strong jobs report

June was revised up, as well, to just under 1 million. Even conservatives have to be happy about this progress.


Friday’s jobs report showed that the U.S. economy added 943,000 jobs in July, according to the Labor Department. Economists expected the economy to have added 845,000 jobs last month, according to estimates from Dow Jones. The unemployment rate dropped to 5.4%, below the estimate of 5.7%.

Bank shares led the gains post-jobs report as rates shot higher, increasing their profitability prospects. Shares of JPMorgan rose more than 2%, while Bank of America and Wells Fargo climbed more than 3%. Industrials, retailers and energy stocks also gained as the jobs report soothed concerns about the economic comeback.

The Biden economy is booming

 

[citygator]

I hope everyone is in Joe’s market. Youre missing out of you aren’t.

 

[konradv]

It appears to be mainly a Wall Street gain, what about Main Street?

Are you saying those 1M jobs were all on Wall St?

 

[SassyIrishLass]

Cut off federal unemployment bennies and something has to break.... lol

Well done red states

 

[Sunsettommy]

Are you saying those 1M jobs were all on Wall St?

Did you bother to read the article? it is mainly a report of Wall Street based economy with the biggest gains.

This was right there in post one:

"Bank shares led the gains post-jobs report as rates shot higher, increasing their profitability prospects. Shares of JPMorgan rose more than 2%, while Bank of America and Wells Fargo climbed more than 3%. Industrials, retailers and energy stocks also gained as the jobs report soothed concerns about the economic comeback."

 

[Lastamender]

Just looked at my IRA. Yep, good job Joe!

35,205.04 +140.79 (0.40%)today
Aug 6, 12:16 PM EDT

Wow you got enough money to do nothing.

 

[Lastamender]

Unemployment is going up. The numbers are easily manipulated so they appear to be good. Old trick from regular liars.

 

[konradv]

Did you bother to read the article? it is mainly a report of Wall Street based economy with the biggest gains.

This was right there in post one:

"Bank shares led the gains post-jobs report as rates shot higher, increasing their profitability prospects. Shares of JPMorgan rose more than 2%, while Bank of America and Wells Fargo climbed more than 3%. Industrials, retailers and energy stocks also gained as the jobs report soothed concerns about the economic comeback."

You’re talking shares and ignoring jobs. Doesn’t fit your narrative?

 

[jillian]

The job market in improving, in spight of Biden. That's good news.

Becaise bubbala

poor trump cultists

 

[konradv]

Unemployment is going up. The numbers are easily manipulated so they appear to be good. Old trick from regular liars.

Yeah, but if the jobs report was bad, you’d have been all over it. Don’t think the hypocrisy isn’t recognized.

 

[Lastamender]

Yeah, but if the jobs report was bad, you’d have been all over it. Don’t think the hypocrisy isn’t recognized.

Unemployment rising is good? Take another stupid pill and get back to me.