Unemployment down to 3.9%

[BlindBoo]

2009/2010.......Unemployment 39% 10 years later,,,,,3.9% !!!!!!!

What are you smoking. Hell, as of 2016 unemployment was at 42%.

Thanks to the Grand Imperial Wizard, it magically dropped 38%.

 

[LoneLaugher]

Good news for America. Lowest since 2000.

160k new jobs. Good news.

Happy Friday!

No, it's not good news actually.

1) Trump said many times on the campaign trail that the U-3 (the official unemployment rate) is 'bogus'. And he was dead right (and 'yes'...it was still 'bogus' under Obama - I am not a Dem or a Rep).

Trump Says the Unemployment Rate Is Bogus -- and His Labor Pick Puzder Agrees

So the drop in the U-3 means nothing.


2) Plus, even if you do care about the U-3? It is NOT based on the Establishment Survey (the number in the OP). The U-3 is based on the Household Survey. And that survey showed only 3,000 more people employed in April.

The only reason the U-3 dropped was because 236,000 people left the labor force in April.

Employment Situation Summary Table A. Household data, seasonally adjusted


3) A FAR better measurement of the employment situation is the Employment-Population ratio. And that went down last month (down is bad).

Bureau of Labor Statistics Data


So, the employment picture for April actually got a little worse...not better.

ALWAYS look beyond the headlines.

Republican president and suddenly the liberals want to ignore the U3. We don't change the rules when the outcome is favorable to your opposition. If the numbers look "worse" for liberals, it's because there are more jobs than can be filled.

A) I am neither Dem nor Rep. I was knocking the numbers under Obama as well.

B) Trump himself has called the U-3 a 'Hoax' several times (rightly).

C) The U-3 is based on the Household Survey...and that only went up 3,000 last month.

So if you support the U-3 (against Trump's own advice), then you have to accept that only 3,000 jobs were created last month in the Household Survey.
The '164,000' number has NOTHING WHATSOEVER to do with the unemployment rate.


My guess is that you have little idea what you are talking about on this and just get all bent out of shape when someone knocks fed numbers while Trump is in power...like Trumpbots do.
Obamabots did the same thing when he was in the WH.

Trump is right
The real unemployment rate is 52 percent

I do not know what it really is. But Trump IS right that the U-3 is a hoax. It is a ridiculous joke.

It isn’t a hoax. It is a formula. It provides the reader with data based on a set of criteria.

If the U3 rate was 10% five years ago and it is 5% today, we can infer that the employment situation has improved.

You may find the criteria used to be lacking. That’s fine. But the U3 serves as a data point just fine.

 

[mikegriffith1]

The BLS report for April is out: The unemployment rate is now 3.9%, the lowest it has been in 18 years! The last time the UE rate was 3.9% was the year 2000. Also, the month of April gave us another strong showing in new manufacturing jobs--24,000, which is the third highest increase in the last 15 years (March had held the third place spot with 22,000 new manufacturing jobs, but now March holds the record for the fourth highest increase). The economy created 164,000 new jobs overall, more than enough to keep pace with the average monthly amount of first-time job seekers (usually right around 150,000).

Employment Situation Summary

 

[g5000]

Awesome news.

 

[Meathead]

The BLS report for April is out: The unemployment rate is now 3.9%, the lowest it has been in 18 years! The last time the UE rate was 3.9% was the year 2000. Also, the month of April gave us another strong showing in new manufacturing jobs--24,000, which is the third highest increase in the last 15 years (March had held the third place spot with 22,000 new manufacturing jobs, but now March holds the record for the fourth highest increase). The economy created 164,000 new jobs overall, more than enough to keep pace with the average monthly amount of first-time job seekers (usually right around 150,000).

Employment Situation Summary

Are you tired of winning yet?

 

[Dont Taz Me Bro]

Unemployment down to 3.9%, good
Wage growth 2.6%, a little soft
New jobs 164K, a little soft

Humming along, but we need better numbers. The clock is ticking.
.

Gee, would have been nice if the Boards of directors would have given everyone a raise instead of buying back their stock….

I bet everyone with retirement plans invested in their company are glad they did that.

 

[Rexx Taylor]

and now thanks to Trump,,we have more job openings than people looking,,,,McDonalds is so desperate, they may have to hire Monkeys and Goats

 

[grainbely]

Good news for America. Lowest since 2000.

160k new jobs. Good news.

Happy Friday!

Thanks GWB

 

[Meathead]

No one has denied that the Obama economy, which Trump is riding, is good.

Trump is the election focus, no matter how much the GOP will try to sell differently.

The American electorate is now wise to the GOP/Alt Right Fake Alt Right Media (FARM) propaganda.

It's fun watching you squirm.

 

[Rexx Taylor]

will the loony left still give Barry all the credit as the economy is still hopping in August?

 

[Rosy]

Boy, rough day for Democrats and their Fake Newsters. How they gonna spin this great news for America? Trump's on a roll. It's gotta sting.


US jobs report: Unemployment falls to 3.9%

Job growth accelerated in April, cutting the nation's jobless rate as U.S. employers added 164,000 jobs compared to the revised 135,000 in March.

While cold weather in March and April probably held back job growth, hiring is moderating as the labor market hits full employment.

The drop of two-tenths of a percentage point in the unemployment rate from 4.1 percent in March pushed it to a level last seen in December 2000.

For the April report, the unemployment rate came in at 3.9%, down from the prior month’s 4.1%, lower than expectations.

US jobs report: Unemployment falls to 3.9%
DRUDGE REPORT 2018®

Don't you know that all good unemployment reports under Trump will end up in the rubber room here as the democrats running this nuthouse will not allow this?

PS. Then Nancy Pelosi will tell us that there are really five hundred million unemployed Americans, with a straight face

 

[Brain357]

Boy, rough day for Democrats and their Fake Newsters. How they gonna spin this great news for America? Trump's on a roll. It's gotta sting.


US jobs report: Unemployment falls to 3.9%

Job growth accelerated in April, cutting the nation's jobless rate as U.S. employers added 164,000 jobs compared to the revised 135,000 in March.

While cold weather in March and April probably held back job growth, hiring is moderating as the labor market hits full employment.

The drop of two-tenths of a percentage point in the unemployment rate from 4.1 percent in March pushed it to a level last seen in December 2000.

For the April report, the unemployment rate came in at 3.9%, down from the prior month’s 4.1%, lower than expectations.

US jobs report: Unemployment falls to 3.9%
DRUDGE REPORT 2018®

Perfect for paying down the debt, how is that going?

 

[McRocket]

No, it's not good news actually.

1) Trump said many times on the campaign trail that the U-3 (the official unemployment rate) is 'bogus'. And he was dead right (and 'yes'...it was still 'bogus' under Obama - I am not a Dem or a Rep).

Trump Says the Unemployment Rate Is Bogus -- and His Labor Pick Puzder Agrees

So the drop in the U-3 means nothing.


2) Plus, even if you do care about the U-3? It is NOT based on the Establishment Survey (the number in the OP). The U-3 is based on the Household Survey. And that survey showed only 3,000 more people employed in April.

The only reason the U-3 dropped was because 236,000 people left the labor force in April.

Employment Situation Summary Table A. Household data, seasonally adjusted


3) A FAR better measurement of the employment situation is the Employment-Population ratio. And that went down last month (down is bad).

Bureau of Labor Statistics Data


So, the employment picture for April actually got a little worse...not better.

ALWAYS look beyond the headlines.

Republican president and suddenly the liberals want to ignore the U3. We don't change the rules when the outcome is favorable to your opposition. If the numbers look "worse" for liberals, it's because there are more jobs than can be filled.

A) I am neither Dem nor Rep. I was knocking the numbers under Obama as well.

B) Trump himself has called the U-3 a 'Hoax' several times (rightly).

C) The U-3 is based on the Household Survey...and that only went up 3,000 last month.

So if you support the U-3 (against Trump's own advice), then you have to accept that only 3,000 jobs were created last month in the Household Survey.
The '164,000' number has NOTHING WHATSOEVER to do with the unemployment rate.


My guess is that you have little idea what you are talking about on this and just get all bent out of shape when someone knocks fed numbers while Trump is in power...like Trumpbots do.
Obamabots did the same thing when he was in the WH.

Trump is right
The real unemployment rate is 52 percent

I do not know what it really is. But Trump IS right that the U-3 is a hoax. It is a ridiculous joke.

It isn’t a hoax. It is a formula. It provides the reader with data based on a set of criteria.

If the U3 rate was 10% five years ago and it is 5% today, we can infer that the employment situation has improved.

You may find the criteria used to be lacking. That’s fine. But the U3 serves as a data point just fine.

It serves as a data point to you just fine.

But as a measurement of unemployment...it is a joke. Plus, it makes everything seem MUCH better than it really is. Which is EXACTLY why Congress agreed to change it back in the 1990's. The employment-population ratio is a FAR better barometer.

Even the Fed has stopped using it as THE metric for employment.

 

[CrusaderFrank]

No one has denied that the Obama economy, which Trump is riding, is good.

Trump is the election focus, no matter how much the GOP will try to sell differently.

The American electorate is now wise to the GOP/Alt Right Fake Alt Right Media (FARM) propaganda.

Progressive First Responder Jake Starkey reporting for duty, Sir!

 

[Mac1958]

Unemployment down to 3.9%, good
Wage growth 2.6%, a little soft
New jobs 164K, a little soft

Humming along, but we need better numbers. The clock is ticking.
.

Gee, would have been nice if the Boards of directors would have given everyone a raise instead of buying back their stock….

I bet everyone with retirement plans invested in their company are glad they did that.

PEOPLE WHO SAVE FOR RETIREMENT ALL GREEDY RICH NAZIS AAAUUUGHHHHHH
.

 

[danielpalos]

Actually no, part time jobs numbers have dropped.
And, jobs increased other than minimum wage jobs-

Total nonfarm payroll employment increased by 164,000 in April, compared with an average monthly gain of 191,000 over the prior 12 months. In April, job gains occurred in professional and business services, manufacturing, health care, and mining. (See table B-1.)
In April, employment in professional and business services increased by 54,000. Over the past 12 months, the industry has added 518,000 jobs.
Employment in manufacturing increased by 24,000 in April. Most of the gain was in the durable goods component, with machinery adding 8,000 jobs and employment in fabricated metal products continuing to trend up (+4,000). Manufacturing employment has risen by 245,000 over the year, with about three- fourths of the growth in durable goods industries.
Health care added 24,000 jobs in April and 305,000 jobs over the year. In April, employment rose in ambulatory health care services (+17,000) and hospitals (+8,000).
In April, employment in mining increased by 8,000, with most of the gain occurring in support activities for mining (+7,000). Since a recent low in October 2016, employment in mining has risen by 86,000.
Employment changed little over the month in other major industries, including construction, wholesale trade, retail trade, transportation and warehousing, information, financial activities, leisure and hospitality, and government.


Black unemployment also dropped by another .3, down to 6.6%

Good news for America. Lowest since 2000.

160k new jobs. Good news.

Happy Friday!

yes it started in 2010. Now we'd like a link, which jobs were created?

many minimum wage and part time jobs like always.....

still beating the national average; is our economy, "booming" or not, right wingers?

Seattle/Bellevue/Everett Unemployment rate 3.8%

 

[william the wie]

The really big problem in real estate are land costs and utility extensions not labor costs. Sears was selling house kits 150 years ago, Jim Walters kits are available nationwide and there are multiple new versions of this old idea.

 

[Meathead]

Perfect for paying down the debt, how is that going?

Default if I've ever seen it. The last refuge I guess.

Better find a safe space.

 

[Brain357]

Labor force participation rate about the same as obama left it. Not such an important number anymore?

 

[Meathead]

Labor force participation rate about the same as obama left it. Not such an important number anymore?

So Sad!!!