Mac-7
Diamond Member
- Oct 9, 2019
- 88,859
- 66,890
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Are you kidding?Horrible news.
This is wonderful news for you and your fellow trump-hating libs
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Are you kidding?Horrible news.
Its no longer 4.3%4.3% is still considered full employment.
The roughly 10% of that total being .gov jobs is a good thing.
You can put that hair fire out now OP.
The Felon is showing us what kind of leader he is. He is leading us to the bottom of his orange sea. Repubs screw up the economy every time they get in power.he U.S. economy lost jobs in February, marking a major reversal of fortunes for the labor market and nearly erasing all of the job gains delivered a month earlier, government data on Friday showed. The reading came in well below economists' expectations.
The U.S. lost 92,000 jobs in February, according to the report, which marked a significant dropoff from 130,000 jobs added in the previous month.
Gas prices up, inflation up, grocery prices up, jobs down, US at war
Are Republicans in charge or what
Its no longer 4.3%
stock market down 920 points
Oil now up to $88 a barrel.
And the other 62,000?
Any way you try to cherry pick it, it does not look good.Its a jobless recovery. When illegals don't show up, employers realize "we didn't need those goofballs" they cut.
20K over-staff cut in Healthcare cut *on top of CA strike quitters) due to fraud halt.
Idiot CEO (can't spell AI) over-staffing over-paying of AI now cutting them.
That's all this is. Yawning//
January's report was downgraded by over 50K to 128K too. That's a net loss of 100,000 jobs for 2026, or nearly all the growth for 2025.Unemployment increased by 92,000 in February in contrast to expectation so job growth. The recession has started.
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U.S. payrolls unexpectedly fell by 92,000 in February; unemployment rate rises to 4.4%
Nonfarm payrolls were expected to increase 50,000 in February while the unemployment rate held steady at 4.3%.www.cnbc.com
The U.S. economy lost jobs in February, a month marred by severe winter weather and a strike at a major health care provider, the Bureau of Labor Statistics reported Friday.
Nonfarm payrolls fell by 92,000 for the month, compared to the estimate for 50,000 and below the downwardly revised January total of 126,000. February marked the third time in the past five months that payrolls declined, following a sharp revision showing a drop of 17,000 in December.
At the same time, the unemployment rate edged higher to 4.4% as jobs declined across key areas. A broader measure of unemployment that includes discouraged workers and those holding part-time positions for economic reasons moved lower, at 7.9% or 0.2 percentage point below the January level.
Health care, the primary growth driver in payrolls, saw a loss of 28,000 due largely to a strike at Kaiser Permanente that sidelined more than 30,000 workers in Hawaii and California. Though the strike has since been resolved, it occurred during the BLS survey week so it subtracted from the jobs total.
Information services, a sector hit by artificial intelligence-related cuts, also lost jobs, down 11,000 as part of a 12-month trend in which the sector has lost an average of 5,000 per month. Manufacturing saw a loss of 12,000, despite tariffs aimed at reshoring jobs from overseas.
Federal government employment also fell, off 10,000 for the month. President Donald Trump’s efforts to pare federal payrolls has seen a slide of 330,000 jobs, or 11% of the total workforce, since October 2024, a few months before Trump took office, according to the BLS.
Transportation and warehousing also saw a reduction of 11,000. Social assistance was one of the few sectors posting a gain, up 9,000.
All happening within a week of hitting Iran......I'd say it's a little too early to call it a recession, more like a reaction
You appear to be quoting a statement about the February 2024 jobs report.By Bernard E. Anderson, PhD
Whitney M. Young Professor Emeritus, The Wharton School of the University of Pennsylvania
Chief Economic Advisor, National Urban League
In February, payroll employment rose by 275,000 jobs, the unemployment rate edged up to 3.9% but remained below the rate considered full employment, and average hourly earnings grew 0.1 percent to $ 34.57 week – all of which suggests that the economy is approaching a soft landing in the post pandemic business cycle.
One of the benefits of stable, balanced growth is the narrowing of the racial unemployment gap. In the last year, the Black/White unemployment gap dropped from the persistent 2:1 ration to an average of 1:65. The narrowing of the racial unemployment gap not only reflects the impact of both vigorous employment growth and tight labor markets, but also strong advocacy of diversity, equity, and inclusion in private and public employment practices. The racial employment gains are also dependent upon increased labor force participation especially among prime age Black women and widening opportunities in industry and occupational employment for Black workers.
The economy is sailing through deep but steady water. In late 2023, the personal consumer expenditure index (PCE), the measure the Federal Reserve uses to set interest rates, rose 2%. Real GDP grew 3.3 %, and consumer spending remained strong despite continuing elevated inflation. CPI was running hotter than PCE, rising above 3.0 percent.
Job growth was distributed broadly across a number of industries led by double digit gains in health care (67,000), government (52,000), and food and drinking places (42,000). Notable gains also were reported in construction, transportation/warehouses, and professional/financial services. There was positive but little change in other major industries.
In short, the economy is on the path of sustainable noninflationary growth. But unforeseen developments, including the shutdown of the federal government spurred by disagreement over the federal budget would create turbulent waters. Political actions are unpredictable.
Given the totality of data, it is likely that the Federal Reserve will ease restrictive monetary policy and cut interest rates at the June meeting. That will be consistent with the Fed’s obligation to implement the dual mandate of price stability and maximum employment.
That is a welcome and hopefully continuing trend that will contribute to greater economic security, income, and wealth for those who for many years have labored in the vineyard with little opportunity to improve their income and quality of life.
National Urban Leagu
Your attempts to Gaslight us won’t work.Looks like Deep State wins. It's all over now. They've stalled Trump policy, created uncertainty, no one arrested from the past corruption and election fraud.
The economy will crash without the missing 5 million illegals, 1million more GOVT workers, $2T constant stream of Obiden fraud, $100B to Ukraine twice/yr, monster military cuts and no activity allowed etc.
Guess we have to turn it all back on right now?
Yep. Why do we need thousands of worthless government workers when most task can be completed online?Presuming this is true, which I don't, I wonder if this has anything to do with it....
View attachment 1227625
Fewer parasitic federal paper shufflers is always a good thing.
The loss of jobs was already happening under Biden and no president can stop the bleeding. By all means continue with your TDS.Your attempts to Gaslight us won’t work.
92,000 jobs lost is not an anomaly. Trump has given us five months of negative job growth.
We are over a year into Trumps economy, time to stop blaming Biden.
The world is much safer. A lot of brown-skilled people have been saved. International terrorism is defanged. Oil returns to its low price in a few weeks after this necessary takedown is over. China is much weakened. Russia as well. Trump says we are at the threshold of an economic boom. He hasn't been wrong yet. Democrats have no answers. They lead us to massive recession rampant crime, and terrorist acts. They're incompetent.he U.S. economy lost jobs in February, marking a major reversal of fortunes for the labor market and nearly erasing all of the job gains delivered a month earlier, government data on Friday showed. The reading came in well below economists' expectations.
The U.S. lost 92,000 jobs in February, according to the report, which marked a significant dropoff from 130,000 jobs added in the previous month.
Gas prices up, inflation up, grocery prices up, jobs down, US at war
Are Republicans in charge or what
Trying to blame Biden doesn’t work. In Biden’s last year (2024), Biden averaged 186,000 jobs a month.The loss of jobs was already happening under Biden and no president can stop the bleeding. By all means continue with your TDS.