Joe's economy posts HUGE increase in January Jobs Report

[citygator]

Joe runs an economy with lots of jobs.... everyone in Wall Street panics because the Fed is run by nuts and will keep raising rates until people have no jobs and are destitute.

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

The American labor market unleashed a burst of hiring in January, producing another wave of robust job growth even as interest rates continue to rise.

Employers added 517,000 jobs on a seasonally adjusted basis, the Labor Department said on Friday, an increase from 260,000 in December.

The unemployment rate was 3.4 percent, the lowest since 1969.

Even as hiring surged, wage growth slowed slightly to 0.3 percent compared with December.

 

[1srelluc]

Nice move using a paywall....Can't get the "rest of the story".

 

[Mac1958]

Joe runs an economy with lots of jobs.... everyone in Wall Street panics because the Fed is run by nuts and will keep raising rates until people have no jobs and are destitute.


View attachment 753306

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

The American labor market unleashed a burst of hiring in January, producing another wave of robust job growth even as interest rates continue to rise.

Employers added 517,000 jobs on a seasonally adjusted basis, the Labor Department said on Friday, an increase from 260,000 in December.

The unemployment rate was 3.4 percent, the lowest since 1969.

Even as hiring surged, wage growth slowed slightly to 0.3 percent compared with December.

Nice, nice, nice.

 

[Harpy Eagle]

Nice move using a paywall....Can't get the "rest of the story".

https://www.bls.gov/news.release/pdf/empsit.pdf

Employment Situation Summary - 2024 Q01 Results

www.bls.gov

 

[LAUGHatLEFTISTS]

I remember during the Obozo admin. laughing my ass off everytime the jobs report came out. They would claim the Kenyan created 750,000 jobs and the useful idiots would have a nationwide circle jerk. Then the real numbers, 300,000 jobs, would come out a few months later and the leftists would scream Butbutbutbut Bush.
This went on for eight years!

 

[The5thHorseman]

Nice move using a paywall....Can't get the "rest of the story".

What do you need?

NYT gives you free peeks, and bls.gov posts the full report.

 

[The5thHorseman]

I remember during the Obozo admin. laughing my ass off everytime the jobs report came out. They would claim the Kenyan created 750,000 jobs and the useful idiots would have a nationwide circle jerk. Then the real numbers, 300,000 jobs, would come out a few months later and the leftists would scream Butbutbutbut Bush.
This went on for eight years!

That NEVER happened.

You're a lying imbecile.

 

[The5thHorseman]

https://www.bls.gov/news.release/pdf/empsit.pdf

Employment Situation Summary - 2024 Q01 Results

www.bls.gov

These people are so f...ing go..amned stupid.

 

[Harpy Eagle]

I remember during the Obozo admin. laughing my ass off everytime the jobs report came out. They would claim the Kenyan created 750,000 jobs and the useful idiots would have a nationwide circle jerk. Then the real numbers, 300,000 jobs, would come out a few months later and the leftists would scream Butbutbutbut Bush.
This went on for eight years!

And then for 4 years you got on your knees and blew Trump every time these numbers came out

Now you are back to attacking them.

Your post are meaningless due to this.

 

[citygator]

Nice move using a paywall....Can't get the "rest of the story".

Rest of article......

The hefty hiring figures defied expectations and underscored the challenges facing the Federal Reserve, which is trying to cool the labor market in its effort to tame rapid inflation. By raising interest rates — on Wednesday, Fed officials did so for the eighth time in a year — policymakers hope to force businesses to pull back on their spending, including hiring.

Yet the labor market has remained extraordinarily tight. In addition to the report on Friday, the government released data this week showing that the number of posted jobs per available unemployed worker — a measure that policymakers have been watching closely — rose again in December. And despite a cavalcade of layoffs in the technology sector, the overall number of pink slips has stayed extremely low.

“The labor market is still incredibly hot,” said Beth Ann Bovino, the chief U.S. economist at S&P Global Ratings.

Still, some measures suggest that higher interest rates appear to be slowing other parts of the economy. Transactions in the housing market, which is particularly sensitive to rate increases, have plummeted as high mortgage rates make purchases too expensive for many would-be homeowners. Consumer spending fell at the end of last year, a sign that Americans were becoming more cautious in the face of rising prices, dwindling savings and fears of recession.

Many forecasters expect the labor market to also slow this year as the Fed’s rate moves filter through the economy.

 

[citygator]

Labor participation was also up along with the blowout #. The initial market reaction was a sharp sell off but we’ve reversed all that in spite of weak reports from big tech last night. The market likes the macro story being set up for 2023.

Dow is now flat. Even the conservative WSF is reporting the news favorably.

Paywall: DJIA.US | Dow Jones Industrial Average Stock Prices and Charts - WSJ

 

[Winco]

Labor participation was also up along with the blowout #.

Hannity used to lead every show while Obama was POTUS with declining numbers in the Labor Participation Rate. Then when the rate continued to decline under trump, Hannity never mentioned it again, until Biden.

Very typical of Hannity, feeding lies to his base.
They will try this again.

 

[hadit]

Joe runs an economy with lots of jobs.... everyone in Wall Street panics because the Fed is run by nuts and will keep raising rates until people have no jobs and are destitute.


View attachment 753306

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

The American labor market unleashed a burst of hiring in January, producing another wave of robust job growth even as interest rates continue to rise.

Employers added 517,000 jobs on a seasonally adjusted basis, the Labor Department said on Friday, an increase from 260,000 in December.

The unemployment rate was 3.4 percent, the lowest since 1969.

Even as hiring surged, wage growth slowed slightly to 0.3 percent compared with December.

Now it's HIS economy? You all need to get the memos out earlier as to when we give tater credit and when we're supposed to blame TRUMP!.

 

[The5thHorseman]

Hannity used to lead every show while Obama was POTUS with declining numbers in the Labor Participation Rate. Then when the rate continued to decline under trump, Hannity never mentioned it again, until Biden.

Very typical of Hannity, feeding lies to his base.
They will try this again.View attachment 753342

For laughs, check out how CNS handles these reports under different regimes...

For pointing out the discrepancies several years ago, I was banned.....for life.

 

[luiza]

Five people die .
Three job positions are filled .
Conclusion ?

Now start using the space between your ears and consider all possible conclusions .Several are possible .One only could be good news .

 

[The5thHorseman]

Now it's HIS economy? You all need to get the memos out earlier as to when we give tater credit and when we're supposed to blame TRUMP!.

When was that?

 

[Winco]

Five people die .
Three job positions are filled .
Conclusion ?

That would be a loss of 2 jobs.

You think it's a gain of 3 jobs.

 

[The5thHorseman]

That would be a loss of 2 jobs.

You think it's a gain of 3 jobs.

What's the point?

 

[hadit]

When was that?

Ever since Quid Pro took office. We were told he had no control over the economy, that bad things were either TRUMP!'s fault or Putin's fault, or sunspots, or something, just never Quid Pro's. We just want a program so we know when we're supposed to boo and when we're supposed to cheer.

 

[The5thHorseman]

Ever since Quid Pro took office. We were told he had no control over the economy, that bad things were either TRUMP!'s fault or Putin's fault, or sunspots, or something, just never Quid Pro's. We just want a program so we know when we're supposed to boo and when we're supposed to cheer.

Are you talking about inflation and oil/gas prices?


Why are you being so vague?