Economy Adds 254,000 Jobs In September, July-August Numbers Revised Up, Core Inflation At Prepandemic Levels At 2.3%. Thanks President Biden

[sealybobo]

How does the government track that? If they are at home looking the government doesn’t know. These are just people that aren’t trying to get unemployment benefits from the government, it doesn’t mean they aren’t looking.

It's simple. They aren't collecting unemployment. If they aren't, the government loses track of them. It's up to them to re enter the job market. Some moms decide to stay at home and be moms. Like JD Vance says they should. Some people start their own business and in the beginning don't really pay their taxes until the business gets big enough they have to. Cash. Venmo. Trump Bit Coin.

 

[usmcstinger]

There will be a negative result of the report. It will reduce the size of any Rate Cut by the Fed.

 

[para bellum]

Hey numb nuts. This was true when Trump was president too. We didn't nit pick him on it like you're doing now.

This is a variation of "what's the REAL unemployment number. You did this to Obama. Trump had a unemployment number too. You never asked what the REAL unemployment was when he was POS, I mean POTUS. Trump puts the POS in POTUS.

It's not a variation of anything. I was telling Harpy Eagle he should not make the bet that the 254K will stand up. I don't want to see him stop posting.

I will make the same bet with you though.

Point is, you nit pick this when Democrats are in the White House but not when Trump was president.

You never told us Trump lost 188,000 manufacturing jobs

net loss of 188,000 manufacturing jobs at the end of Trump’s presidency.

Trump vs. Harris on U.S. Manufacturing - FactCheck.org

Former President Donald Trump and Vice President Kamala Harris each claim they helped to revive American manufacturing and that the other has hurt it. And they both select cherry-picked data points to underscore their arguments.

www.factcheck.org

Manufacturing added 400K jobs in Trump's first 3 years. Trump was a champion of manufacturing. Those of us that actually worked in manufacturing knew that.

You can only get negative numbers for Trump when you include the pandemic shutdown which was a disaster for the country.

Trump's big mistake was following the advice of that liar Fauci.

I wanted to point something out here

Trump vs. Harris on U.S. Manufacturing - FactCheck.org

Former President Donald Trump and Vice President Kamala Harris each claim they helped to revive American manufacturing and that the other has hurt it. And they both select cherry-picked data points to underscore their arguments.

www.factcheck.org

Trump rightly noted that there was a loss of manufacturing jobs in the year before he took office. There was a loss of 7,000 manufacturing jobs in 2016, measuring from December 2015 to December 2016. (Trump rounded up to 10,000 jobs.)

However, Trump didn’t mention that the number of manufacturing jobs had been steadily increasing for nearly six years prior to leveling off in 2016 — rising by more than 900,000 jobs after the Great Recession. The manufacturing jobs lost in the Great Recession have still not been recovered.

Thank you Obama. Meanwhile, Trump's crying about 7000 jobs lost?

Manufacturing shed 178K manufacturing jobs during Obama's term.

Obama was a disaster for the US economy, 8 years of slow growth and high unemployment and massive debt accumulation. The banking crisis was over when he took office. What Obama did was extend the recession and retard the recovery.

 

[theHawk]

Point is, you nit pick this when Democrats are in the White House but not when Trump was president.

You never told us Trump lost 188,000 manufacturing jobs

net loss of 188,000 manufacturing jobs at the end of Trump’s presidency.

Trump vs. Harris on U.S. Manufacturing - FactCheck.org

Former President Donald Trump and Vice President Kamala Harris each claim they helped to revive American manufacturing and that the other has hurt it. And they both select cherry-picked data points to underscore their arguments.

www.factcheck.org

All due to COVID shutdowns. Before that he brought half a million manufacturing jobs back.

 

[Crepitus]

 

[Mashmont]

View attachment 1022985

Monkey Boy caused the Great Recession. I saw it up close. I was there.

 

[Harpy Eagle]

Monkey Boy caused the Great Recession. I saw it up close. I was there.

Yep, Bush II sure did

 

[justoffal]

Employers added 254,000 jobs in September, blowing away forecasts and reversing a slowdown in hiring that had prompted the Federal Reserve to make a jumbo rate cut at its meeting last month.

Economists had forecast 140,000 new jobs, according to financial data provider FactSet.

The unemployment rate inched down to 4.1%, versus 4.2% in the prior month.

The employment report marks the second-to-last reading on the labor market before the Federal Reserve's November 7 rate decision meeting, when the central bank is expected to once again cut its benchmark rate. The Fed last month made a jumbo cut, its first rate reduction in four years, in the face of weakness in hiring and a cooling economy.

But September's surprisingly strong hiring suggests that the U.S. could be headed for a so-called "soft landing," with the Fed's prior rate hikes having helped to cool the economy while skirting a recession, experts said.

"Today's data hit a grand slam with payrolls coming in strong, positive revisions and unemployment falling," noted Lindsay Rosner, head of multisector investing within Goldman Sachs Asset Management, in an email. "The economy is heading into the post-season solidly.

The strong data could give the Fed more flexibility at its November rate cut meeting, giving the central bank the breathing room to either issue a smaller rate cut of 0.25 percentage points, versus its 0.5 percentage point cut last month, experts says.

Employers had added 159,000 jobs in August and 144,000 in July, according to the Labor Department's revised figures for the prior two months.

Wages growing faster than inflation​

Average hourly wages rose 4% last month on an annual basis, signaling that workers are keeping ahead of inflation, which stood at an annual pace of 2.5% in August.

Inflation likely dropped to 2.3% last month, according to economists polled by FactSet. The Consumer Price Index report for September will be released on October 10.

Restaurants and other food services businesses added 69,000 jobs last month, while health care companies added 45,000 jobs, the Bureau of Labor Statistics said.

Employers added 254,000 jobs in September, blowing away forecasts

Wall Street is watching the labor market for signs of slower hiring, which could influence the Federal Reserve's next rate decision.

www.cbsnews.com

Core inflation...
Bwahhhhhhhhhahhhhhhhahhhhhhhh....
Bwahhhhhhhhhahhhhhhhahhhhhhhh....

Is that something like an apple core?

 

[Captain Caveman]

Employers added 254,000 jobs in September, blowing away forecasts and reversing a slowdown in hiring that had prompted the Federal Reserve to make a jumbo rate cut at its meeting last month.

Economists had forecast 140,000 new jobs, according to financial data provider FactSet.

The unemployment rate inched down to 4.1%, versus 4.2% in the prior month.

The employment report marks the second-to-last reading on the labor market before the Federal Reserve's November 7 rate decision meeting, when the central bank is expected to once again cut its benchmark rate. The Fed last month made a jumbo cut, its first rate reduction in four years, in the face of weakness in hiring and a cooling economy.

But September's surprisingly strong hiring suggests that the U.S. could be headed for a so-called "soft landing," with the Fed's prior rate hikes having helped to cool the economy while skirting a recession, experts said.

"Today's data hit a grand slam with payrolls coming in strong, positive revisions and unemployment falling," noted Lindsay Rosner, head of multisector investing within Goldman Sachs Asset Management, in an email. "The economy is heading into the post-season solidly.

The strong data could give the Fed more flexibility at its November rate cut meeting, giving the central bank the breathing room to either issue a smaller rate cut of 0.25 percentage points, versus its 0.5 percentage point cut last month, experts says.

Employers had added 159,000 jobs in August and 144,000 in July, according to the Labor Department's revised figures for the prior two months.

Wages growing faster than inflation​

Average hourly wages rose 4% last month on an annual basis, signaling that workers are keeping ahead of inflation, which stood at an annual pace of 2.5% in August.

Inflation likely dropped to 2.3% last month, according to economists polled by FactSet. The Consumer Price Index report for September will be released on October 10.

Restaurants and other food services businesses added 69,000 jobs last month, while health care companies added 45,000 jobs, the Bureau of Labor Statistics said.

Employers added 254,000 jobs in September, blowing away forecasts

Wall Street is watching the labor market for signs of slower hiring, which could influence the Federal Reserve's next rate decision.

www.cbsnews.com

https://edition.cnn.com/2024/10/11/business/7-eleven-closures/index.html

In its earnings release, Seven & I said that while the North American economy is “robust overall,” it noticed a “more prudent approach to consumption” from middle- and low-income earners because of persistent inflation, high interest rates and a “deteriorating” employment environment.

When you think something is good, it doesn't mean all is good. As 7eleven closes 3% of it's portfolio, it simply highlighted how the middle and low end income earners have suffered this fantastic Biden economy. So it slowly grinds to a halt, it deteriorates. Folk can get on their soap boxes and shout how fantastic everything is, but beneath the surface, it's a different matter.

And I'll tell you what, this inevitable implosion will time in with the Trump being elected, and the Lefties will simply mouth froth that Trump fucked up a great Biden economy.

 

[hadit]

Employers added 254,000 jobs in September, blowing away forecasts and reversing a slowdown in hiring that had prompted the Federal Reserve to make a jumbo rate cut at its meeting last month.

Economists had forecast 140,000 new jobs, according to financial data provider FactSet.

The unemployment rate inched down to 4.1%, versus 4.2% in the prior month.

The employment report marks the second-to-last reading on the labor market before the Federal Reserve's November 7 rate decision meeting, when the central bank is expected to once again cut its benchmark rate. The Fed last month made a jumbo cut, its first rate reduction in four years, in the face of weakness in hiring and a cooling economy.

But September's surprisingly strong hiring suggests that the U.S. could be headed for a so-called "soft landing," with the Fed's prior rate hikes having helped to cool the economy while skirting a recession, experts said.

"Today's data hit a grand slam with payrolls coming in strong, positive revisions and unemployment falling," noted Lindsay Rosner, head of multisector investing within Goldman Sachs Asset Management, in an email. "The economy is heading into the post-season solidly.

The strong data could give the Fed more flexibility at its November rate cut meeting, giving the central bank the breathing room to either issue a smaller rate cut of 0.25 percentage points, versus its 0.5 percentage point cut last month, experts says.

Employers had added 159,000 jobs in August and 144,000 in July, according to the Labor Department's revised figures for the prior two months.

Wages growing faster than inflation​

Average hourly wages rose 4% last month on an annual basis, signaling that workers are keeping ahead of inflation, which stood at an annual pace of 2.5% in August.

Inflation likely dropped to 2.3% last month, according to economists polled by FactSet. The Consumer Price Index report for September will be released on October 10.

Restaurants and other food services businesses added 69,000 jobs last month, while health care companies added 45,000 jobs, the Bureau of Labor Statistics said.

Employers added 254,000 jobs in September, blowing away forecasts

Wall Street is watching the labor market for signs of slower hiring, which could influence the Federal Reserve's next rate decision.

www.cbsnews.com

Good job, House Republicans!

 

[jbrownson0831]

Employers added 254,000 jobs in September, blowing away forecasts and reversing a slowdown in hiring that had prompted the Federal Reserve to make a jumbo rate cut at its meeting last month.

Economists had forecast 140,000 new jobs, according to financial data provider FactSet.

The unemployment rate inched down to 4.1%, versus 4.2% in the prior month.

The employment report marks the second-to-last reading on the labor market before the Federal Reserve's November 7 rate decision meeting, when the central bank is expected to once again cut its benchmark rate. The Fed last month made a jumbo cut, its first rate reduction in four years, in the face of weakness in hiring and a cooling economy.

But September's surprisingly strong hiring suggests that the U.S. could be headed for a so-called "soft landing," with the Fed's prior rate hikes having helped to cool the economy while skirting a recession, experts said.

"Today's data hit a grand slam with payrolls coming in strong, positive revisions and unemployment falling," noted Lindsay Rosner, head of multisector investing within Goldman Sachs Asset Management, in an email. "The economy is heading into the post-season solidly.

The strong data could give the Fed more flexibility at its November rate cut meeting, giving the central bank the breathing room to either issue a smaller rate cut of 0.25 percentage points, versus its 0.5 percentage point cut last month, experts says.

Employers had added 159,000 jobs in August and 144,000 in July, according to the Labor Department's revised figures for the prior two months.

Wages growing faster than inflation​

Average hourly wages rose 4% last month on an annual basis, signaling that workers are keeping ahead of inflation, which stood at an annual pace of 2.5% in August.

Inflation likely dropped to 2.3% last month, according to economists polled by FactSet. The Consumer Price Index report for September will be released on October 10.

Restaurants and other food services businesses added 69,000 jobs last month, while health care companies added 45,000 jobs, the Bureau of Labor Statistics said.

Employers added 254,000 jobs in September, blowing away forecasts

Wall Street is watching the labor market for signs of slower hiring, which could influence the Federal Reserve's next rate decision.

www.cbsnews.com

And nobody can get hired.