October Jobs Report

[Lesh]

Job creation roars back in October as payrolls rise by 531,000

Nonfarm payrolls were expected to increase by 450,000 in October, according to economists surveyed by Dow Jones.

www.cnbc.com

The economy has come roaring back.

Over 500,000 jobs created and unemployment fell to under 5%

 

[Lesh]

And

September, which gained 312,000 jobs after the initial Bureau of Labor Statistics estimate of 194,000 saw a substantial upward revision in Friday’s report

 

[Baron Von Murderpaws]

 

[john doe 101]

So are you saying the numbers are only correct if you agree with them?

 

[Lesh]

Apparently so

 

[Moonglow]

So are you saying the numbers are only correct if you agree with them?

He can only agree with them if Trump is president.

 

[Samofvt]

Inflation notches a fresh 30-year high as measured by the Fed's favorite gauge

Annual inflation rose at its fastest pace in more than 30 years during September despite a decline in personal income.

www.cnbc.com

 

[Samofvt]

So I guess when people are desperate for low paying jobs, this is what happens? Not cool. Not cool at all, Lesh

 

[Pellinore]

Treasury Secretary Yellen credited it to the American Rescue Plan back in March, and President Biden's immunization campaign. She also reminded us that the CBO didn't think we'd get to this level until 2023.

This morning we received a very welcome jobs report – 531k jobs added – and in my view, there are two key takeaways:
One: Our recovery is on track. Our unemployment rate now is at its lowest level since the start of the pandemic, and we’re on pace to reach full employment 2 years faster than CBO expected.
Two: Bold fiscal policy works. A rebound like this was never a foregone conclusion. When our administration took office back in January, there was a real risk that our economy was going to slip into a prolonged recession. Now our recovery is outpacing other wealthy nations’.
There’s an alternate present where our economy is still stagnating, where millions cannot find work. In large part, this has been avoided by smart policy and action: the American Rescue Plan and an immunization campaign that’s vaccinated 193 million Americans.
Now we have a chance to apply this lesson to a new set of challenges: The American Rescue Plan ensured America would recover from the pandemic. The Build Back Better package making its way through Congress will ensure America thrives in a post-pandemic world.

 

[Bootney Lee Farnsworth]

I just LOVE these look-on-the-bright-side threads.

 

[Blues Man]

Job creation roars back in October as payrolls rise by 531,000

Nonfarm payrolls were expected to increase by 450,000 in October, according to economists surveyed by Dow Jones.

www.cnbc.com

The economy has come roaring back.

Over 500,000 jobs created and unemployment fell to under 5%

Gee stop paying people not to work and see what happens

 

[Baron Von Murderpaws]

So are you saying the numbers are only correct if you agree with them?

I SEE REALITY AROUND ME.
None of which matches any information these Dem run greed-mongering organizations spew out, so they can get their "govt funding" and kickbacks.

Reality does not match their "numbers".

 

[Lesh]

So I guess when people are desperate for low paying jobs, this is what happens? Not cool. Not cool at all, Lesh

IS that right?

Odd that wages are up significantly

 

[Baron Von Murderpaws]

IS that right?

Odd that wages are up significantly

Wow......seems you felt having your head up the Dems' asses wasn't enough........so you crawled ALL THE WAY up there!!

A few McDonalds decided to pay $20 an hour, and all of a sudden "wages are significantly up". LMAOROFL

 

[Lesh]

A few McDonalds decided to pay $20 an hour, and all of a sudden "wages are significantly up". LMAOROFL

A better than 4% increase ACROSS THE BOARD is far more than "A few McDonalds".

Christ what an asshole you are

 

[john doe 101]

I SEE REALITY AROUND ME.
None of which matches any information these Dem run greed-mongering organizations spew out, so they can get their "govt funding" and kickbacks.

Reality does not match their "numbers".

So you rely on anecdotal information. Figures, you conspiracy believing nut job.

 

[Ringo]

I am glad to see, that dream is still alive!

 

[KissMy]

Total nonfarm payroll employment rose by 210,000 in November, and the unemployment rate fell by 0.4 percentage point to 4.2 percent. The change in total nonfarm payroll employment for September was revised up by 67,000, from +312,000 to +379,000, and the change for October was revised up by 15,000, from +531,000 to +546,000. With these revisions, employment in September and October combined is 82,000 higher than previously reported.