Aug jobs revised up by 51,000, Sept up by 44,000. Oct beats est by 43,000.

[Nostra]

Oh, and Black unemployment at new record lows.

Nice job, President Trump.

With Wall Street expecting the first double-digit payrolls report since May, largely as a result of over 40K GM jobs not accounted for due to the strike, and with some whispers even hinting at a negative print, moments ago the BLS surprised once again, reporting that in October, the US added 128K jobs, a huge beat to the 85K expected, with the September payrolls report revised sharply higher to 180K from 136K.

The change in total nonfarm payroll employment for August was revised up by 51,000 from +168,000 to +219,000, and the change for September was revised up by 44,000 from +136,000 to +180,000. With these revisions, employment gains in August and September combined were 95,000 more than previously reported. After revisions, job gains have averaged 176,000 over the last 3 months.

The report includes a strike-driven 41,600 decline in automaker payrolls and 20,000 temporary census workers leaving their jobs. The result of the strike led to a 36K drop in manufacturing jobs, the biggest drop since 2009, although a similar rebound is expected next month now that the GM strike is over.

The unemployment rate rose modestly to 3.6% from a half-century low of 3.5%, and in line with expectations, while the unemployment rate for blacks dropped to a fresh all time lows.

Huge October Payrolls Beat: 128K Jobs Added As Black Unemployment Rate Hits All Time Low

 

[Polishprince]

Bad news for the libs in 2020.

The people want to work, and Trump is fulfilling that desire.

 

[JGalt]

The country has gone beyond full employment, Economic corrections are probably inbound.

"Interest rates are definitely rising and GDP growth is definitely slowing, but the country will still be at nearly full employment for the remainder of Trump’s first term...

The Federal Reserve projected GDP growth of 2.8% this year in the median, declining to 2.4% next year and 2% in 2020, an election year. But while the economic cycle is finally turning, thanks in part to the tightening cycle embarked on by the Fed, the unemployment rate is expected to remain under 4%, based on median projections. At its worst, long-range unemployment goes to around 4.5% by 2020, still near historic lows..."

For Fed, A Strong Job Market And Strong Economy Throughout Trump's Presidency - Investing Timeless

 

[Baz Ares]

DrumpF is losing it.

 

[SassyIrishLass]

Lol two months ago the loons tried to convince us a recession loomed...


Priceless

 

[Capri]

But what kinds of jobs?
Temp/contract or regular employment?
Full-time or part-time?
Low-wage or decent pay + benefits or no-pay commission only?

More jobs is good but crappy jobs are crappy. Most of the jobs lost in "the great recession" were decent ones; most of the employment gains during Obama's terms were crappy jobs. The difference is "yuge" as an indicator of the economy's strength.

 

[Nostra]

But what kinds of jobs?
Temp/contract or regular employment?
Full-time or part-time?
Low-wage or decent pay + benefits or no-pay commission only?

More jobs is good but crappy jobs are crappy. Most of the jobs lost in "the great recession" were decent ones; most of the employment gains during Obama's terms were crappy jobs. The difference is "yuge" as an indicator of the economy's strength.

I put you in charge of finding the answers to your questions.

GO!

 

[OnePercenter]

Lol two months ago the loons tried to convince us a recession loomed...

Priceless

The "loons" are the ones that are denying a recession is already here.

Here are some pretty damning indicators:

Consumer confidence is dropping. The only thing keeping it alive is credit card spending of which we now have balances exceeding 2008 levels.

Home prices are at a level in most major cities above 2008 levels. Thank God the interests rates are dropping so that monthly payments are affordable for over-priced housing. (sarcasm)

Job numbers are higher, but what kind of jobs? Full-time jobs that pay a livable wage, or part-time that, well, you can max out credit cards to buy food?

Work hours are going up. Simply less people to do more work. That may seem a good thing, but not for those on salary vs hourly.

The failure of 99% of IPO's in the last 18 months is a horrible indicator of business reaching an end cycle.

Freight traffic is way down thus putting trucking into a recession.

 

[OnePercenter]

But what kinds of jobs?
Temp/contract or regular employment?
Full-time or part-time?
Low-wage or decent pay + benefits or no-pay commission only?

More jobs is good but crappy jobs are crappy. Most of the jobs lost in "the great recession" were decent ones; most of the employment gains during Obama's terms were crappy jobs. The difference is "yuge" as an indicator of the economy's strength.

I put you in charge of finding the answers to your questions.

GO!

Nostra FAIL

 

[SassyIrishLass]

Lol two months ago the loons tried to convince us a recession loomed...

Priceless

The "loons" are the ones that are denying a recession is already here.

Here are some pretty damning indicators:

Consumer confidence is dropping. The only thing keeping it alive is credit card spending of which we now have balances exceeding 2008 levels.

Home prices are at a level in most major cities above 2008 levels. Thank God the interests rates are dropping so that monthly payments are affordable for over-priced housing. (sarcasm)

Job numbers are higher, but what kind of jobs? Full-time jobs that pay a livable wage, or part-time that, well, you can max out credit cards to buy food?

Work hours are going up. Simply less people to do more work. That may seem a good thing, but not for those on salary vs hourly.

The failure of 99% of IPO's in the last 18 months is a horrible indicator of business reaching an end cycle.

Freight traffic is way down thus putting trucking into a recession.

You'd probably be wise to learn the definition of a recession then comment

 

[Nostra]

Lol two months ago the loons tried to convince us a recession loomed...

Priceless

The "loons" are the ones that are denying a recession is already here.

Here are some pretty damning indicators:

Consumer confidence is dropping. The only thing keeping it alive is credit card spending of which we now have balances exceeding 2008 levels.

Home prices are at a level in most major cities above 2008 levels. Thank God the interests rates are dropping so that monthly payments are affordable for over-priced housing. (sarcasm)

Job numbers are higher, but what kind of jobs? Full-time jobs that pay a livable wage, or part-time that, well, you can max out credit cards to buy food?

Work hours are going up. Simply less people to do more work. That may seem a good thing, but not for those on salary vs hourly.

The failure of 99% of IPO's in the last 18 months is a horrible indicator of business reaching an end cycle.

Freight traffic is way down thus putting trucking into a recession.

You sound like you need some crayons and a safe space, Cupcake.

 

[Baz Ares]

 

[Baz Ares]

Trump Has Created 1.5 Million Fewer Jobs Than Obama

The Great Douche is almost last on the list.
Which President Created the Most Jobs?

The Great Douche will not keep a promise again,

No 25 Million jobs. At best the Douche may see 5.6M jobs.

 

[Nostra]

Trump Has Created 1.5 Million Fewer Jobs Than Obama
]

Barry Hussein created 8.9 million in 8 years.

Trump created 4.7 Million in two years.

That is according to the numbers in YOUR link.

If Trump continues on this pace he will create 18,800,000 jobs in the same time frame Barry Hussein created 8.9 million.


Thanks for the link.