Unemployment Rate Dropped to 8.4% in August, Economy Adds 1.4 Million Jobs
A great economic report! (unexpectedly)
The unemployment rate was by far the lowest since the coronavirus shutdown in March, according to Labor Department figures released Friday. An alternative measure that includes discouraged workers and those holding part-time jobs for economic reasons also fell, down to 14.2% from 16.5% in July and 22.8% at the peak in April.
Economists surveyed by Dow Jones had been expecting growth of 1.32 million and the jobless rate to decline to 9.8% from 10.2% in July.
“It’s another great day for American jobs and American workers,” Vice President Mike Pence told CNBC. Pence added that the job growth and the single-digit unemployment rate is “real evidence that the American comeback is underway.”
15 comments:
FANTASTIC NEWS !!!
as is todays polling results, and I know Trump will significantly overachieve his polling numbers like he did in 2016...
Florida: Trump vs. Biden Trafalgar Group (R)*
Biden 46, Trump 49 Trump +3
President Trump Job Approval Rasmussen Reports Approve 52, Disapprove 48 Approve +4
No wonder all the non-sticking bullshit from the left
ROFLMFAO !!! (accidently posted on wrong thread before, sorry)
Roger said unemployment rate was "20 %".
"The Labor Department's payroll report released Friday showed the jobless rate fell sharply to 8.4%, down from 10.2% .
Roger never is right on all things Economic and Financial.
HOORAY!!! HOORAY!!! LOOK HOW WONDERFULLY TRUMP IS DOING!!!!
https://www.realclearpolitics.com/epolls/other/president_trump_job_approval-6179.html
Er, wait a minute. He's still at -9 disapproval!
Hmmmm. Rasmussen didn't make that much difference--
and the Trafalgar group is so discredited
that RealClearPolitics doesn't even list it.
ROFLMFAO!!!
The gap in unemployment rates between Blacks and whites in the United States widened for a fourth straight month in August, and the spread between the races is now the largest in nearly six years.
The jobless rate for Blacks dropped by 1.6 percentage points to 13% in August from 14.6% in July, while the rate for whites dropped at a faster rate of 1.9 percentage points to 7.3% from 9.2% a month earlier.
We have lost 750,000 manufacturing jobs since the pandemic outbreak in January
the lying POS "pastor" james said:
Hmmmm. Rasmussen didn't make that much difference--
and the Trafalgar group is so discredited
that RealClearPolitics doesn't even list it.
ROFLMFAO!!!
strange, I just copied it from RealClearPolitics
ROFLMFAO !!!
looks like besides his constant spamming and lying he also is quite ignorant !!!
IF this is true.
"The gap in unemployment rates between Blacks and whites in the United States widened for a fourth straight month in August, and the spread between the races is now the largest in nearly six years."
Where are the greatest job losses those Blacks?
NY
NJ
CA
Oh Michigan.
Nice theft of your post from the NY Times.
Maybe Lil Schitty will predict when we will get back to 2% gdp growth......BWAAAAAAAAAAA!!!! And the goat fucker seems surprised that the states with largest population of blacks also has the largest gob loses for blacks.....And he claims to have been a teacher!!!! LOLOLOLOLOL
FiveThirtyEight
How Trump And COVID-19 Have Reshaped The Modern Militia Movement
Our 2020 Election Forecast
U.S. Department of Labor
BILL CLARK / CQ ROLL CALL
SEP. 4, 2020, AT 2:03 PM
The Easy Part Of The Economic Recovery Might Be Over
By Amelia Thomson-DeVeaux, Neil Paine and Julia Wolfe
Filed under Jobs Report
Is the economy finally starting to rebound? Based on the headline numbers from the August jobs report, things sure look that way. The report shows that the economy added 1.4 million jobs in August, and the unemployment rate fell below 10 percent for the first time since March, to 8.4 percent — down 1.8 percentage points since July.
Good news, right? Well, when it comes to jobs reports in this pandemic, looks can be deceiving. The economy is certainly improving: The August report shows that the labor force participation rate increased a bit and millions more furloughed workers returned to their jobs.
But there are a bunch of clues in this month’s report that the growth we’re seeing now isn’t as robust as it looks, and that it probably isn’t sustainable without a dramatic change in public health conditions:
A significant chunk of the jobs gained in August were added thanks to a once-in-a-decade phenomenon that has nothing to do with the current recession — a slew of temporary hiring for the U.S. Census.
Private-sector job growth is slowing overall, and the industries that were hit hardest by the pandemic — like leisure and hospitality — appear to be stalling out well below their pre-pandemic peak.
Getting people back to work will likely be harder and harder in the coming months, because a growing share of unemployed people have lost their jobs permanently.
The recovery is arriving faster for some groups than others — which means that workers of color, in particular, are still suffering much higher levels of unemployment than white workers
https://fivethirtyeight.com/features/the-easy-part-of-the-economic-recovery-might-be-over/
The percentage is higher in those States. kput'z shut the fuck up
FOX NEWS CONFIRMS TRUMP DISPARAGED VETERANS
September 4, 2020 at 4:32 pm EDT By Taegan Goddard
TWO FORMER SENIOUS TRUMP ADMINISTRATION OFFICIALS CONFIRMED to Fox News that President Trump REGULARLY DISPARAGED VETERANS.
According to one former senior Trump administration official:
“When the President spoke about the Vietnam War, he said, ‘It was a stupid war. Anyone who went was a sucker’.”
He added:
“What’s in it for them? They don’t make any money.”
Explained the source:
“It was a character flaw of the President. He could not understand why someone would die for their country, not worth it.”
____________
Now you KNOW Fox NEWS would BE SURE TO CHECK OUT the RELIABILITY of their sources.
Biden Lights Into Trump for Calling War Dead ‘Losers’
September 4, 2020 at 2:25 pm EDT By Taegan Goddard
Joe Biden lit into President Trump for his reported comments denigrating U.S. war dead as “losers” and “suckers,” Bloomberg reports.
Said Biden: “It’s disgusting, and it affirms what most of us believe to be true: that Donald Trump is not fit to do the job of president, to be the commander in chief.”
He added: “President Trump has demonstrated he has no sense of service, no loyalty to any cause other than himself.”
_________
Trump Reverses Decision to Shutter ‘Stars and Stripes’
September 4, 2020 at 5:15 pm EDT By Taegan Goddard 318 Comments
President Trump reversed a decision to cut funding to Stars and Stripes, a newspaper that has served American soldiers since the Civil War, USA Today reports.
___________
Quote of the Day
September 4, 2020 at 3:36 pm EDT By Taegan Goddard 265 Comments
“Just a reminder that Trump officially threatened to veto this year’s defense bill because he wants actual losers in the Civil War to have bases and installations named after them.”
— Sen. Brian Schatz (D-HI), on Twitter.
______________________________________________
BIDEN TAKES LEAD IN TEXAS!!!
September 4, 2020 at 1:56 pm EDT By Taegan Goddard 290 Comments
A new Data for Progress poll in Texas finds Joe Biden leading Donald Trump in the presidential race, 48% to 45%.
WOW! TEXAS!
IF THAT WERE TO HOLD, KISS THE WH GOODBYE DONALD!
Trump Suspects John Kelly Is Behind Story
September 5, 2020 at 7:33 am EDT By Taegan Goddard
President Trump said his former chief of staff, John Kelly, could have been one of the four anonymous sources used by The Atlantic in the publication’s report that the president made disparaging comments about military troops, CNN reports.
Said Trump: “It could have been a guy like a John Kelly.”
An amusing sentence from the New York Times: “Mr. Kelly refused on-the-record interview requests about his recollection of comments Mr. Trump had reportedly made when Mr. Kelly was with him on a 2018 trip to France.”
That makes it seem Kelly has been more than willing to talk “off the-record.”
Few Military Officers Willing to Defend Trump
September 5, 2020 at 7:25 am EDT By Taegan Goddard
New York Times:
“The president privately raged about The Atlantic’s article on Friday morning, and advisers were panicked about how to counter it. They feared it was the beginning of a constant drip of negative stories from disenchanted former officials that could sway voters.
"While Mr. Trump demanded that allies knock down the article, aides recognized that few senior military officers were willing to openly defend the president.”
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