Nearly 1 million new jobs in July, S&P hits new record

[edthecynic]

unemployment rose in July

LIAR!
Unemployed FELL from 9,484,000 in June to 8,702,000 in July.

 

[Sunsettommy]

It appears no one dug into the link where a lot of the new jobs are the old jobs that was driven away by government edicts last year:

"As has been the case for the past several months, leisure and hospitality led job creation, adding 380,000 positions, of which 253,000 came in bars and restaurants. The sector took the hardest hit during the pandemic but has been showing consistent gains during the economic reopening.

The unemployment rate for leisure and hospitality tumbled to 9% in July from 10.9% in June and compared to 25% a year earlier, though there are still about 1.8 million fewer workers than prior to the pandemic. Wages in the sector rose 1.2% month over month and are up 3.1% from a year earlier."

Job creation claims are misleading, it is the refilling of old job positions that was a major part of the recovery.

 

[edthecynic]

LMAO, people going back to work is not job creation.
BTW, Biden is just Barry Obama's puppet.
Left Wingers are dumb crackpot brainwashed fanatics.

ODS and BDS in one post!

 

[edthecynic]

People were asking My employer at a job fair if they would hold the job openings until after their unemployment benefits expired.

BULLSHIT!

 

[Lastamender]

No, but we do know you are a pathological LIAR!

Not me. You are projecting again.

 

[Ray From Cleveland]

If rightists are going to blame Biden when things go wrong, Biden gets credit when things are good.

Conservatives can't have it both ways.

Sure you can. When things are going bad and you want to blame somebody, you point out the policy responsible. If something happens that's good and you want to credit somebody, you point out the policy responsible.

We can point out the policies that gave us all the bad things thanks to Dementia, but you can't point to one policy to give him credit for these job numbers.

 

[struth]

Dow, S&P 500 hit record highs after strong jobs report

June was revised up, as well, to just under 1 million. Even conservatives have to be happy about this progress.


Friday’s jobs report showed that the U.S. economy added 943,000 jobs in July, according to the Labor Department. Economists expected the economy to have added 845,000 jobs last month, according to estimates from Dow Jones. The unemployment rate dropped to 5.4%, below the estimate of 5.7%.

Bank shares led the gains post-jobs report as rates shot higher, increasing their profitability prospects. Shares of JPMorgan rose more than 2%, while Bank of America and Wells Fargo climbed more than 3%. Industrials, retailers and energy stocks also gained as the jobs report soothed concerns about the economic comeback.

wow ans yet xiden still feels the need to screw over landlords on their rent

 

[Ray From Cleveland]

Biden is treating those at our border with compassion

Next step, temporary work visas, DACA

Yes he is. That will stop more from coming here.

 

[Ray From Cleveland]

Dow, S&P 500 hit record highs after strong jobs report

June was revised up, as well, to just under 1 million. Even conservatives have to be happy about this progress.


Friday’s jobs report showed that the U.S. economy added 943,000 jobs in July, according to the Labor Department. Economists expected the economy to have added 845,000 jobs last month, according to estimates from Dow Jones. The unemployment rate dropped to 5.4%, below the estimate of 5.7%.

Bank shares led the gains post-jobs report as rates shot higher, increasing their profitability prospects. Shares of JPMorgan rose more than 2%, while Bank of America and Wells Fargo climbed more than 3%. Industrials, retailers and energy stocks also gained as the jobs report soothed concerns about the economic comeback.

Thank you for that report. And as a conservative, I am delighted that things are improving. And as a conservative, I think credit should go where credit is due.

So I want to give a round of applauds to the 17 Republican states that cut the federal unemployment additions. Without such actions, these workers would still be home eating Doritos in front of their big screen. Now they will be able to make the same or more money by working and took these jobs. The cuts started in May and went through June, and the results are in.

 

[The Banker]

What great day to be an American.
Now we can be proud to be Americans again. AMERICA IS BACK !!! Because of Biden's booming economy.

Biden's booming economy produced 943k new jobs !!!!!

Holy shit that's a lot of jobs.

Biden's historic presidential start is continuing and still in its infancy.

Big Jobs growth, big GDP growth, Great corporate earnings so far, and a blow the top off booming economy with the best stock market ever.

Trumpers are so mad right now ! America is so great and treasonous Trumpers hate it so much ! Party over country for traitor Trumpers and Trumper Capitol Rioters.

"The combination of higher-than-expected S&P 500 earnings and lower-than-expected interest rates drives our upgraded price targets," Kostin writes in a note. "Our new targets imply a 7% S&P 500 price return for the remainder of 2021 and full year price returns of 25% in 2021 and 4% in 2022, respectively (27% and 6% including dividends)."

Goldman Sachs hikes its S&P 500 targets for 2021 and 2022

Better earnings and lower rates are bullish tailwinds for the broader market.

seekingalpha.com

Payrolls increase 943,000 in July as unemployment rate slides to 5.4%

Hiring rose in July at its fastest pace in nearly a year despite fears over the delta variant and as companies struggled with a tight labor supply.

www.cnbc.com

 

[Indeependent]

943k JOBS, and improving wages.

And imo the gop was partially sincere that cutting taxes on the wealthy would help workers, but I disagree.

Check out Reuters…wages suppressed for minorities.

 

[Indeependent]

LibBots need not check this out…

Why the drop in the U.S. Black unemployment rate may not be good news

It should have been a number to celebrate: The U.S. Black unemployment rate fell a full percentage point to 8.2% in July - the biggest drop of any major racial or demographic group. But a look behind the numbers reveals a distressing reality.

www.reuters.com

 

[colfax_m]

We can point out the policies that gave us all the bad things thanks to Dementia, but you can't point to one policy to give him credit for these job numbers.

Biden stimulus package.

 

[edthecynic]

Not me. You are projecting again.

Still LYING!

 

[JGalt]

Dow, S&P 500 hit record highs after strong jobs report

June was revised up, as well, to just under 1 million. Even conservatives have to be happy about this progress.


Friday’s jobs report showed that the U.S. economy added 943,000 jobs in July, according to the Labor Department. Economists expected the economy to have added 845,000 jobs last month, according to estimates from Dow Jones. The unemployment rate dropped to 5.4%, below the estimate of 5.7%.

Bank shares led the gains post-jobs report as rates shot higher, increasing their profitability prospects. Shares of JPMorgan rose more than 2%, while Bank of America and Wells Fargo climbed more than 3%. Industrials, retailers and energy stocks also gained as the jobs report soothed concerns about the economic comeback.

The notion that the Biden administration had anything to do with the jobs numbers is pure bullshit. Nothing they've done has increased the number of jobs. That's a normal occurrence after coming out of over a year's worth of lock-downs and business closings which I might add, were primarily due to Democrats.

The jobs would have increased with or without Joe Biden, and would have more than likely happened on a much larger scale, had Trump been re-elected.

You guys and girls are true idiots. Joe Biden toots his little horn and you morons go nuts applauding him like he's the greatest thing that ever happened.

 

[JGalt]

Biden stimulus package.

Only in Clown World does paying people to stay home with government stimulus money, create jobs.

How does it feel to be living in Clown World?

 

[rightwinger]

So I want to give a round of applauds to the 17 Republican states that cut the federal unemployment addition

Can you provide data that shows a significant portion of the million new jobs are in those lowly populated red states?

Or is it just your opinion

 

[rightwinger]

LibBots need not check this out…

Why the drop in the U.S. Black unemployment rate may not be good news

It should have been a number to celebrate: The U.S. Black unemployment rate fell a full percentage point to 8.2% in July - the biggest drop of any major racial or demographic group. But a look behind the numbers reveals a distressing reality.

www.reuters.com

They will catch up
The jabs are there

 

[Indeependent]

They will catch up
The jabs are there

Liar.
They weren’t making decent wages under Obama and they won’t be making decent wages under Biden.

 

[C_Clayton_Jones]

Sure you can. When things are going bad and you want to blame somebody, you point out the policy responsible. If something happens that's good and you want to credit somebody, you point out the policy responsible.

We can point out the policies that gave us all the bad things thanks to Dementia, but you can't point to one policy to give him credit for these job numbers.

Conservatives can’t have it both ways.

If rightists are going to play the ‘under Biden’ game to blame the President, they need to credit the President as the economy rebounds ‘under Biden.’