U.S. Market Remains Hot, Adds 272,000 Positions In May,

[Billiejeens]

Unemployment jumps to 4 percent with 408,000 fewer Americans reporting having jobs as air continues to come out of Biden economy​

408,000 fewer Americans reported being employed as the U.S. unemployment rate rose to 4 percent in May, according to the latest data compiled by the Bureau of Labor Statistics’ household survey.

That accounts for 783,000 fewer Americans reporting they have jobs since Nov. 2023 when employment peaked at 161.86 million. Now it’s down to 161.08 million.

In the meantime, unemployment is up to 6.6 million from its April 2023 low of 5.7 million, an increase of more than 900,000. That includes an increase of 157,000 more unemployed in the past month along.

Overall, the unemployment rate itself is now noticeably above its April 2023 low of 3.4 percent, coming in at 4 percent now, its highest level since Nov. 2021. That’s likely not great news for President Joe Biden amid his 2024 reelection bid against former President Donald Trump.

 

[C_Clayton_Jones]

hey jonsey.....many people dont agree with you saying its doing great...people dont care what the govt says....they see how much they have left after they pay their bills and buy groceries...sorry but that counts more than what DC says....

As if on cue, Republicans lie about the economy being 'bad.'

 

[citygator]

Unemployment jumps to 4 percent with 408,000 fewer Americans reporting having jobs as air continues to come out of Biden economy​

408,000 fewer Americans reported being employed as the U.S. unemployment rate rose to 4 percent in May, according to the latest data compiled by the Bureau of Labor Statistics’ household survey.

That accounts for 783,000 fewer Americans reporting they have jobs since Nov. 2023 when employment peaked at 161.86 million. Now it’s down to 161.08 million.

In the meantime, unemployment is up to 6.6 million from its April 2023 low of 5.7 million, an increase of more than 900,000. That includes an increase of 157,000 more unemployed in the past month along.

Overall, the unemployment rate itself is now noticeably above its April 2023 low of 3.4 percent, coming in at 4 percent now, its highest level since Nov. 2021. That’s likely not great news for President Joe Biden amid his 2024 reelection bid against former President Donald Trump.

You quoted yourself. Nice. Let me respond again. You guys will post any nonsense. This is the scary unemployment rate for working age Americans.

 

[Billiejeens]

You quoted yourself. Nice. Let me respond again. You guys will post any nonsense. This is the scary unemployment rate for working age Americans.

View attachment 958911

I'm aware of who I quoted.
Prolly do it again.

 

[citygator]

I'm aware of who I quoted.
Prolly do it again.

Good. I'd like to repost the unemployment rate for 18-55 year olds again to prove my point that you are dodging.

 

[Lastamender]

Good. I'd like to repost the unemployment rate for 18-55 year olds again to prove my point that you are dodging.

That will not change the fact the labor force is not there, will it?

 

[citygator]

That will not change the fact the labor force is not there, will it?

No it will not. We need more immigration to bolster up the workforce and add consumers.

 

[Lastamender]

No it will not. We need more immigration to bolster up the workforce and add consumers.

I see 12 million in 3 years is not enough? GFY.

 

[Billiejeens]

No it will not. We need more immigration to bolster up the workforce and add consumers.

As you have been informed of before, that source is junk.

My source is Joe Biden's Department of Labor.

 

[citygator]

I see 12 million in 3 years is not enough? GFY.

Where else are you going to get a workforce?

 

[citygator]

As you have been informed of before, that source is junk.

My source is Joe Biden's Department of Labor.

Show me your posts under Trump questioning the data. I will wait.

 

[Rogue AI]

I'll wait for the revised report. What's the trend on the truth say? Liberals should check that out before patting Biden on the back.

 

[Meathead]

Where are all the leg humpers?

In Charlotte from what I see. At least one anyway.

 

[Thinker101]

If you actually lived in SoCal, you wouldn't notice. Some intersections/corners have 4 or 5 or even 7 fast food places -- some being combo-stores. But I guess more people are still being hired. You consider that a bad thing. How sad.

Push carts aren't really considered a fast food place. And of the fast food places, Blaze Pizza will no longer be one of them.

 

[Lastamender]

Where else are you going to get a workforce?

Maybe stop indoctrinating our children and things will improve.

 

[luiza]

Job report data shocking and awful
Following are the last few sentences from the ZH summary of this DISASTER OF A REPORT .
-----not only has all job growth in recent years gone to illegal immigrants, but that America is now being invaded. We can only hope that whoever is doing Trump's debate prep for him will make this the one - and only - issue that will be hammered on the upcoming debate against Biden, because just this alone, even ignoring the galloping inflation unleashed by Biden's policies, exposes Bidenomics for the hollow fraud it has been from day one.

 

[Harry Dresden]

the hypocrisy is overwhelming here

too funny

what hypocrisy?.....

 

[Harry Dresden]

I have read on this site for years that anything that happens in the country is the President's doing. There is lots of threads on this from righties.

the president isnt the guy investing his money and taking a chance....

 

[Harry Dresden]

As if on cue, Republicans lie about the economy being 'bad.'

and right on cue you come along doing the same thing...i aint a republican chump....

 

[Billiejeens]

Show me your posts under Trump questioning the data. I will wait.

Why?