Private Sector Companies Added 497,000 Jobs In June, More Than Double Expectations

[g5000]

So how do you explain their headline ? Because ZH is known world wide as a Facts Machine , only hated by lumps of crooked shit and financiers .

Job Openings Tumble By 500K Even as Number Of Quits Unexpectedly Soars​

Job openings decline because people are getting jobs.

Duh.

 

[g5000]

Lets not forget how strong the PMIs came in this morning ! 54.4 ! Boom !

Wow! That's awesome.

 

[g5000]

Which is exactly what I meant by "job numbers is not the economy".
But thanks, this has been fun.

Employment is a trailing indicator. So when a trailing indicator is going gangbusters, that speaks very positively of the economy as a whole.

 

[g5000]

You dumb Moon Bat.

Lies by the Potatohead administration, just like we saw when Obama was president.

Here is the real story:

More Than 105 Million Working Age Americans Do Not Have A Job Right Now

Our long slide toward economic oblivion continues, and survey after survey has shown that most Americans are deeply unsatisfied with

truthbasedmedia.com

More Than 105 Million Working Age Americans Do Not Have A Job Right Now​

Our long slide toward economic oblivion continues, and survey after survey has shown that most Americans are deeply unsatisfied with the current state of the U.S. economy. Inflation is out of control, most Americans are getting poorer due to the rapidly rising cost of living, the housing bubble has started to burst, and the commercial real estate market is a giant mess. But employment is supposed to be our bright spot.

The Biden administration continues to tell us that the unemployment rate is less than 4 percent and that there are lot of jobs available for those that want them. But is this really true?

To answer that question, it is imperative to understand that our government places unemployed persons into one of two categories…

Jobless people are classified into one of two categories by the Bureau of Labor Statistics (BLS)—either unemployed or not in the labor force. To be classified as unemployed in the month they are surveyed, people must be actively looking for work. If they are not actively looking, they are classified as not in the labor force.

Over time, the definition of “officially unemployed” has gotten more restrictive, and today only 6.097 million working age Americans are considered to be in that category. Meanwhile, a staggering 99.800 million working age Americans are considered to be “not in the labor force”.

When you add both categories together, you get a total of 105.897 million working age Americans that do not have a job right now.

Let me try to put that into perspective. During the Great Recession of 2008 and 2009, that number never even got up to 90 million. So that means that the number of working age Americans that are not employed at this moment far surpasses anything that we witnessed during the Great Recession.

Please do not believe the garbage that the federal government is trying to sell you. Unemployment is not low. In fact, John Williams estimates that the real rate of unemployment in this country is somewhere around 25 percent.

As I have already shown, LFPR is the highest since 2007.

Try again, loser.

 

[leftwinger]

As I have already shown, LFPR is the highest since 2007.

Try again, loser.

False. I posted the LFPR chart once to shoot you down. But you lie again.

Pathetic louse you are.

Not on PC. Don't know how to bring from Samsung phone to you AGAIN!

 

[g5000]

Black unemployment is higher than pre-pandemic.

Nope. It's the lowest it has been in at least 50 years.

Unemployment Rate - Black or African American

Graph and download economic data for Unemployment Rate - Black or African American (LNS14000006) from Jan 1972 to Mar 2024 about African-American, 16 years +, household survey, unemployment, rate, and USA.

fred.stlouisfed.org

 

[g5000]

False. I posted the LFPR chart once to shoot you down. But you lie again.

Pathetic louse you are.

Not on PC. Don't know how to bring from Samsung phone to you AGAIN!

It was right there in my OP, dipshit:

Labor force participation rate for people ages 25 to 54 in May 2023 highest since January 2007​

​

 

[leftwinger]

It was right there in my OP, dipshit:

Labor force participation rate for people ages 25 to 54 in May 2023 highest since January 2007​

​

Notice your trick, you dishonest sap
"for people ages 25 to 54"

I go to FRED and get LFPR. No funny business that is hard to check.


The civilian labor force participation rate is the number of employed and unemployed but looking for a job as a percentage of the population aged 16 years and over.

 

[Jim H - VA USA]

Nope. It's the lowest it has been in at least 50 years.

Unemployment Rate - Black or African American

Graph and download economic data for Unemployment Rate - Black or African American (LNS14000006) from Jan 1972 to Mar 2024 about African-American, 16 years +, household survey, unemployment, rate, and USA.

fred.stlouisfed.org

Don't try to Trump my data. Your source says its source is the BLS, which is where my data came from and I posted the link. My data was accurate within the hour that I posted it.

Your post, which shows unemployment rate, has the same conclusion anyway...

My post is correct, and the data is provided.

Your statement that unemployment is the lowest in 50 years, based on your own data, is wrong.

Both the Black unemployment rate (your data) and the total Black unemployment (my data), show Biden latest numbers do not yet achieved Trump's levels pre-pandemic, don't you agree?

 

[g5000]

Don't try to Trump my data. Your source says its source is the BLS, which is where my data came from and I posted the link. My data was accurate within the hour that I posted it.

Your post, which shows unemployment rate, has the same conclusion anyway...
View attachment 802933View attachment 802934

My post is correct, and the data is provided.

Your statement that unemployment is the lowest in 50 years, based on your own data, is wrong.

Both the Black unemployment rate (your data) and the total Black unemployment (my data), show Biden has not yet achieved Trump's levels pre-pandemic, don't you agree?

You chose August 2019, which is six months before the pandemic.

At the time the pandemic hit, black unemployment was 6.3 percent.

Here is black unemployment for April 2023:

4.7 percent. That's the lowest in at least the past 50 years.

You chose the best number from the Trump years, and I chose the best number from the Biden regime.

 

[g5000]

Unemployment Rate - Black or African American

Graph and download economic data for Unemployment Rate - Black or African American (LNS14000006) from Jan 1972 to Mar 2024 about African-American, 16 years +, household survey, unemployment, rate, and USA.

fred.stlouisfed.org

 

[Jim H - VA USA]

You chose August 2019, which is six months before the pandemic.

At the time the pandemic hit, black unemployment was 6.3 percent.

Here is black unemployment for April 2023:

]

4.7 percent. That's the lowest in at least the past 50 years.

You chose the best number from the Trump years, and I chose the best number from the Biden regime.

You said, "It's the lowest it has been in at least 50 years."

See ya.

 

[g5000]

You said, "It's the lowest it has been in at least 50 years."

See ya.

You said, "Black unemployment is higher than pre-pandemic."

See ya.

 

[Lastamender]

Bidenomics: 90% of Jobs Created Were Lost in the Pandemic

Joe Biden, the 81 million vote man, is running on his economic record, which is abysmal. Democrats don't seem worried about him losing, which is baffling since Bidenomics are a disaster. Steve Bannon spoke with E. J. Antoni of Heritage, who clarified how bad Bidenomics is. This Congress continu

www.independentsentinel.com

 

[g5000]

Black unemployment when the pandemic hit was 6.3 percent.

It is currently 6.0 percent.

So the statement "Black unemployment is higher than pre-pandemic" is patently false.

 

[Jim H - VA USA]

Black unemployment when the pandemic hit was 6.3 percent.

It is currently 6.0 percent.

So the statement "Black unemployment is higher than pre-pandemic" is patently false.

Goodness grief, I can't believe I have to add red boxes for you.

See ya later. For real now.

 

[g5000]

Goodness grief, I can't believe I have to add red boxes for you.

View attachment 802945


See ya later. For real now.

The black working population stopped growing after 2020?

6.3 pre-pandemic vs. 6.0 now.

So yeah. See ya later.

 

[citygator]

Notice how the fucker doesnt feel sorry for those who were on fixed incomes, now that Bidenflation has ruined it for them....

Blah blah blah. Right wingers don’t give 2 shits about people at the bottom. Look at their shitty policies.

 

[Lastamender]

Blah blah blah. Right wingers don’t give 2 shits about people at the bottom. Look at their shitty policies.

We are not living with their policies.

 

[citygator]

We are not living with their policies.

Yes we are.