Jobs Report Out

[Faun]

Then stop complaining about inflation. That door swings open both ways. Inflation is nothing more than corporate greed and politics. Who controls the country? Corporations!

The right is suddenly against Capitalism.

 

[Faun]

Rule #1 of Politics: Politicians do not willingly give up power.

Biden will run for re election.

Doubtful. He'll be lucky to finish this term.

 

[Faun]

Another phony jobs report with cooked numbers?

 

[james bond]

Feb Jobs Report

almost 700,000 jobs created and unemployment drops to 3.8%

February jobs rose a surprisingly strong 678,000, unemployment edged lower while wages were flat

Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department reported Friday.

www.cnbc.com

Republicans can scream all they want but the economy is doing well

Way to go Joe

This is why Libs LIE like a mofo.

"

‘Real’ unemployment edges up​

Previous months saw upward revisions. December moved up to 588,000, an increase of 78,000 from the previous estimate, while January’s rose to 481,000. Together, the revisions added 92,000 more than previously recorded and brought the three-month average to 582,000.
The labor force participation rate, a closely watched metric indicating worker engagement, rose to 62.3%, still 1.1 percentage points from the February 2020 pre-pandemic level. An alternative measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons, and is sometimes referred to as the “real” unemployment rate, also edged higher, to 7.2%.
The trend for jobs is clearly upward after a wintertime surge of Covid omicron cases, while exacting a large human toll, left little imprint on employment.
“If we see more numbers like this moving forward, we can be optimistic about this year,” wrote Nick Bunker, economic research director at job search site Indeed. “Employment is growing at a strong rate and joblessness is getting closer and closer to pre-pandemic levels. Still, in these uncertain times, we cannot take anything for granted. But if the recovery can keep up its current tempo, several key indicators of labor market health will hit pre-pandemic levels this summer.”
The economy also has been wrestling with pernicious inflation pressures running at their highest levels since the early 1980s stagflation days. The Labor Department’s main inflation gauge showed consumer prices rising at a 7.5% clip in January, a number that is expected to climb to close to 8% when February’s report is released next week.
Amid it all, companies continue to hire, filling broad gaps still left in the leisure and hospitality sector as well as multiple other pandemic-struck industries.
The Federal Reserve is watching the jobs numbers closely. Monetary policymakers widely view the economy as near full employment, adding pressure to prices that have soared amid supply shortages and demand surges related to the pandemic.
Inflation has come as Congress has pumped more than $5 trillion in stimulus into the economy while the Fed has kept benchmark borrowing rates anchored near zero and injected nearly $5 trillion into the economy through asset purchases.
Now, Fed officials expect this month to start raising interest rates, with market expectations that those hikes likely will continue through the year.
The February jobs report “will give the Fed greater confidence to push ahead with its planned policy tightening but, with wage growth now levelling off, there is arguably less pressure for officials to front-load an aggressive series of rate hikes over the coming months,” wrote Michael Pearce, senior U.S. economist at Capital Economics.
Traders continued to fully price in a 25 basis point rate hike at the March Fed meeting, and see a strong possibility of five more such increases through the end of the year, according to CME Group data."

 

[rightwinger]

you think tourism and hospitality pay big wages?....teachers are always saying they dont make enough...

Some do, some don’t.
You think Professional and Business Services pay well?

Overall, wages are up 5 percent in the last year

 

[Faun]

Go argue that with somebody else, not me.
I'm already on record as saying I don't think Trump will run.

Trump is waiting to see how candidates he endorsed make out in November. If many of them win, he'll probably announce he's running. If most of them lose, then he probably won't run.

 

[Faun]

"ok" is a better word than "well" but still debatable.
Inflation is real bad. And will onyl get worse if gas keeps rising.
Gas jumped up around 50 cents yesterday. Another 30 cents or so today.
Its bad man.

Gas did not jump 0.50¢ yesterday. On average nationally, it jumped a dime...

​

 

[JusticeHammer]

Feb Jobs Report

almost 700,000 jobs created and unemployment drops to 3.8%

February jobs rose a surprisingly strong 678,000, unemployment edged lower while wages were flat

Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department reported Friday.

www.cnbc.com

Republicans can scream all they want but the economy is doing well

Way to go Joe

People returning to jobs isn't new jobs. Stop the hype.

 

[BluesLegend]

Actually wages are increasing at a record pace. But you are a repub, so we all expect you to lie.

Not according to the report the OP linked to you blithering idiot.

 

[two_iron]

We'll see how well "don't believe your lying eyes, look at our numbers!" works in Nov.

One well-deserved MOAB (Mother Of All Beatdowns) is waiting for these fucking parasites.

 

[WTH_Progs?]

Someone please explain to all of us how 700K jobs were "CREATED".

 

[Harry Dresden]

Some do, some don’t.
You think Professional and Business Services pay well?

Overall, wages are up 5 percent in the last year

unless you are up on the ladder of whatever company you work for, no wages suck..........

 

[BluesLegend]

LOLOL

Too funny! When Obama was president, it killed the right with every drop in the unemployment rate; so then they started talking about the unofficial, "real unemployment" rate, since that was higher.

I note that this poster, BluesLegend, never once spoke about the "real unemployment" rate during Trump's 4 years in office. Not once. But now we have a Democrat in office again so naturally, the official unemployment rate is dropping. That apparently eats at BluesLegend as he's back to wailing about the "real unemployment" rate again.

Don't get mad at me, I simply quoted from the OP's own linked to report. Tissue?

 

[Leweman]

Still haven't reached pre pandemic employment levels, which were ended by democrats and their buddies in China. Inflation increased by 7 percent so that's good right?

 

[Faun]

This is why Libs LIE like a mofo.

"

‘Real’ unemployment edges up​

Previous months saw upward revisions. December moved up to 588,000, an increase of 78,000 from the previous estimate, while January’s rose to 481,000. Together, the revisions added 92,000 more than previously recorded and brought the three-month average to 582,000.
The labor force participation rate, a closely watched metric indicating worker engagement, rose to 62.3%, still 1.1 percentage points from the February 2020 pre-pandemic level. An alternative measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons, and is sometimes referred to as the “real” unemployment rate, also edged higher, to 7.2%.
The trend for jobs is clearly upward after a wintertime surge of Covid omicron cases, while exacting a large human toll, left little imprint on employment.
“If we see more numbers like this moving forward, we can be optimistic about this year,” wrote Nick Bunker, economic research director at job search site Indeed. “Employment is growing at a strong rate and joblessness is getting closer and closer to pre-pandemic levels. Still, in these uncertain times, we cannot take anything for granted. But if the recovery can keep up its current tempo, several key indicators of labor market health will hit pre-pandemic levels this summer.”
The economy also has been wrestling with pernicious inflation pressures running at their highest levels since the early 1980s stagflation days. The Labor Department’s main inflation gauge showed consumer prices rising at a 7.5% clip in January, a number that is expected to climb to close to 8% when February’s report is released next week.
Amid it all, companies continue to hire, filling broad gaps still left in the leisure and hospitality sector as well as multiple other pandemic-struck industries.
The Federal Reserve is watching the jobs numbers closely. Monetary policymakers widely view the economy as near full employment, adding pressure to prices that have soared amid supply shortages and demand surges related to the pandemic.
Inflation has come as Congress has pumped more than $5 trillion in stimulus into the economy while the Fed has kept benchmark borrowing rates anchored near zero and injected nearly $5 trillion into the economy through asset purchases.
Now, Fed officials expect this month to start raising interest rates, with market expectations that those hikes likely will continue through the year.
The February jobs report “will give the Fed greater confidence to push ahead with its planned policy tightening but, with wage growth now levelling off, there is arguably less pressure for officials to front-load an aggressive series of rate hikes over the coming months,” wrote Michael Pearce, senior U.S. economist at Capital Economics.
Traders continued to fully price in a 25 basis point rate hike at the March Fed meeting, and see a strong possibility of five more such increases through the end of the year, according to CME Group data."

Yup, back to the "real unemployment" rate again. I see the talking points are out. You know the official unemployment rate is so low, it's making rightards uncomfortable so they have to drag out the "real unemployment" rare.

BTW, rightard, "real unemployment" under Trump peaked at 22.8%, more than 3 times what it is now.

 

[rightwinger]

unless you are up on the ladder of whatever company you work for, no wages suck..........

Wages are up across the board

 

[Faun]

People returning to jobs isn't new jobs. Stop the hype.

He didn't say they were new jobs.

 

[Faun]

Don't get mad at me, I simply quoted from the OP's own linked to report. Tissue?

So? You posted about "real unemployment" here. Not since Obama was president.

 

[Faun]

Still haven't reached pre pandemic employment levels, which were ended by democrats and their buddies in China. Inflation increased by 7 percent so that's good right?

WTF?

When did Trump become a Democrat??

 

[Leweman]

WTF?

When did Trump become a Democrat??

WTF?