Dayyyyum. 517,000 jobs created in January, crushing estimates, as unemployment rate hit 53-year low

[pyetro]

This is bad news for whoever wants to defeat Joe Biden in 2024..
Without a bad economy, all they would have left is "Hunter Biden flashed his penis".
53 year low!

January Jobs Report: Pace of U.S. Hiring Surges Unexpectedly (Published 2023)

After several months of cooling, the economy added far more jobs than economists anticipated. The unemployment rate fell to its lowest level since 1969.

www.nytimes.com

 

[Harpy Eagle]

This is going to piss off a lot of folks on here.

 

[Mac1958]

 

[Oddball]

People taking second jobs, just so they can eat and live indoors.

Meanwhile, real wages -what your paycheck actually buys- are down for the 21st consecutive month.

 

[g5000]

Wages also increased.

I blame Hunter.

 

[mak2]

I am going turn on Fox to find out why this is bad. BRB

 

[Dekster]

Yay, my 401K will be down!!!!

 

[g5000]

People taking second jobs, just so they can eat and live indoors.

Meanwhile, real wages -what your paycheck actually buys- are down for the 21st consecutive month.

Tissue?

 

[Harpy Eagle]

People taking second jobs, just so they can eat and live indoors.

Meanwhile, real wages -what your paycheck actually buys- are down for the 21st consecutive month.

And yet, the percent of people doing that is lower than most of the time under previous Admin....weird

 

[Harpy Eagle]

Yay, my 401K will be down!!!!

why? Does your 401k rely on people not working?

 

[JGalt]

This is bad news for whoever wants to defeat Joe Biden in 2024..
Without a bad economy, all they would have left is "Hunter Biden flashed his penis".
53 year low!

January Jobs Report: Pace of U.S. Hiring Surges Unexpectedly (Published 2023)

After several months of cooling, the economy added far more jobs than economists anticipated. The unemployment rate fell to its lowest level since 1969.

www.nytimes.com

Bidenflation is eating that up. People are having to work more but have less for their money.

US Consumer Price Index: Purchasing Power Of the Consumer Dollar

 

[sealybobo]

This is bad news for whoever wants to defeat Joe Biden in 2024..
Without a bad economy, all they would have left is "Hunter Biden flashed his penis".
53 year low!

January Jobs Report: Pace of U.S. Hiring Surges Unexpectedly (Published 2023)

After several months of cooling, the economy added far more jobs than economists anticipated. The unemployment rate fell to its lowest level since 1969.

www.nytimes.com

Republicans love to say Clinton left and Bush took over just as a recession was hitting us. So? How did Bush handle that recession? Did his policies prolong it? I also was reminded yesterday that in 2005 the dollar's value was at an all time low. Do Republicans blame Clinton for that? 5 years later? And then the Great Recession of 2007/08. Was that Clinton's fault too?

Biden is doing a great job especially when we all know the Feds are going to raise interest rates and that's purposely going to slow down the economy to fix inflation. Last time this happened was Carter/Reagan era and it hurt. This one doesn't seem to be hurting so bad. Americans keep spending. That's helpful to the economy.

 

[g5000]

People taking second jobs, just so they can eat and live indoors.

How come none of you partisan hacks whined about this when Trump was president?

I think we all know.

 

[rightwinger]

Unemployment fell to the lowest rate since 1969

Republicans…..But what about Hunter Biden’s Laptop?

 

[rightwinger]

People taking second jobs, just so they can eat and live indoors.

How does a second job impact the unemployment rate?

It measures who is working and who is not. How much you work above 32 hours is not a factor

 

[Oddball]

Real wages down, credit card debt at record levels from people just buying the necessities, rents going through the roof, ditto home heating, real inflation still near 10%, gasoline prices on the rise again....

But lookit them unemployment numbers, Ethyl!

 

[rightwinger]

Some highlights:

• After revisions, America gained 4.8 million jobs last year. That's 300,000 more than previously reported.
• Job gains were widespread, in just about every sector. Leading the way: Leisure and hospitality added 128,000 jobs as America continued to rebound from the Covid pandemic.
• The unemployment rate was 3.4%, the lowest since May 1969 — as in, before Neil Armstrong landed on the moon.
• Wages grew 4.4% over the past year in January, higher than expected.

 

[rightwinger]

What ever happened to that Recession that Republicans were celebrating?

 

[Oddball]

Some highlights:

• After revisions, America gained 4.8 million jobs last year. That's 300,000 more than previously reported.
• Job gains were widespread, in just about every sector. Leading the way: Leisure and hospitality added 128,000 jobs as America continued to rebound from the Covid pandemic.
• The unemployment rate was 3.4%, the lowest since May 1969 — as in, before Neil Armstrong landed on the moon.
• Wages grew 4.4% over the past year in January, higher than expected.

What's the participation rate?

BTW, people returning to the jobs they were locked out of, and/or returning to work because their layabout loot is running out, isn't "creating jobs", dickless.

 

[rightwinger]

What's the participation rate?

BTW, eople returning to the jobs they were locked out of during covidiocy isn't "creating jobs", dickless.

Winner, winner, Chicken Dinner!

Republicans whined about the Labor Participation Rate under Obama but were strangely silent under Trump

But under Biden……It’s BACK