Average hourly earnings increased by 0.4% in August and 3.2% over the year, better than expected.
I am sure you will read lots of negative stories about this job growth (because the consensus was closer to 160K). Either way, an increase in participation and an unemployment rate of 3.7% are both phenomenally good news.
It's going to be difficult to see our economy fall into a recession as long as we continue with what is pretty much considered "full employment". It simply doesn't get much lower than 3.7% - they say on any average day there are approximately 3-4% of the population who are in between jobs by choice.
At the end of the day, if the American public is working, then the American public is spending money, and if the American public is spending money the economy will continue to perform well.
73 comments:
What's not working is the rate of growth in student debt. This is obviously funding lavish life styles for college elites and liberals. What happened in 2008 that started such a huge increase in a trend that was already outpacing inflation?
A bigger failure than Obamacare... and while we need to reign this in we should try to get relief from the very people who reaped the benefit of these runaway costs, colleges and their staffs.
https://fred.stlouisfed.org/graph/?g=dF8t&utm_campaign=myfred_referrer&utm_medium=exported-chart&utm_source=direct
According to Kudlow....a solid report, but august is quirky!!!!....Under Obama a disappointing miss again which would be derided by all the slurpers here!!!!
The recession story is over .
https://www-cnbc-com.cdn.ampproject.org/v/s/www.cnbc.com/amp/2019/09/06/us-nonfarm-payrolls-august-2019.html?amp_js_v=a2&_gsa=1&usqp=mq331AQEKAFwAQ%3D%3D#aoh=15677777833184&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.cnbc.com%2Famp%2F2019%2F09%2F06%2Fus-nonfarm-payrolls-august-2019.html%23aoh%3D15677777833184%26referrer%3Dhttps%253A%252F%252Fwww.google.com%26amp_tf%3DFrom%2520%25251%2524s%26ampshare%3Dhttps%253A%252F%252Fwww.cnbc.com%252F2019%252F09%252F06%252Fus-nonfarm-payrolls-august-2019.html
Black unemployment at record low 5.5%.
I'm sure dopie is indeed disappointed at all this good economic news.
Job growth continued at a tepid pace in August, with nonfarm payrolls increasing by just 130,000 thanks in large part to the temporary hiring of Census workers, the Labor Department reported Friday.
The increase fell short of Wall Street estimates for 150,000, while the unemployment rate stayed at 3.7%, as expected. An alternative measure of the jobless rate, which includes discouraged and underemployed workers, increased to 7.2% from 7% in July, due mainly to a 397,000 increase in those working part-time for economic reasons.
Wage growth remained solid, with average hourly earnings increasing by 0.4% for the month and 3.2% over the year; both numbers were one-tenth of a percentage point better than expected.
Labor force participation also increased, rising to 63.2% and tying its highest level since August 2013. The total number of Americans considered employed surged by 590,000 to a record 157.9 million, according to the household survey, which is conducted separately from the headline establishment count.
The difference between the two surveys inspired some optimism.
"If we weren't already talking about recession risk and already looking for signs of a slowdown, we wouldn't start today because of this jobs report," said Scott Clemons, chief investment strategist at Brown Brothers Harriman.
"On balance, I come down on the optimistic side. I think it's a pretty good jobs report," Clemons added.
Similarly, Paul Ashworth, chief U.S. economist at Capital Economics, said that aside from the weak headline establishment count, "the rest of the employment report was actually quite positive."
With the previous June and July reports revised lower as well, monthly job growth in the U.S. has slowed to just 158,000, compared with 223,000 per month a year ago.
The decline comes amid concerns that the U.S. economy is slowing and perhaps even heading for recession. While consumers remain strong, agriculture and manufacturing have declined as the U.S. engages in a protracted tariff battle with China.
On the labor front, August's trends showed more slowness.
The biggest gains for the month came from professional and business services at 37,000 and the federal government, which added 28,000 workers ahead of the 2020 population count. Health care contributed 24,000 to the total while financial services increased by 15,000.
Despite otherwise strong retail indicators, the sector saw a net decline in workers of 11,100. Trade, transportation and utilities also lost 11,000 jobs, and mining and logging lost 5,000 positions.
Excluding government hiring, private payrolls grew by just 96,000, the lowest pace since February.
Labor Partisipation Rate
63 % . Running laps around the Lost years.
The lost years are back!
Job growth continued at a tepid pace in August, with nonfarm payrolls increasing by just 130,000 thanks in large part to the temporary hiring of Census workers, the Labor Department reported Friday.
Woman, Minorities continue to notice .
With the previous June and July reports revised lower as well, monthly job growth in the U.S. has slowed to just 158,000, compared with 223,000 per month a year ago.
Homeless Alky using library internet.
Posting pure nonsense .
It's a mixed bag, but it is not a terrible report.
Full Employment is the current state of the US Economy.
CNBC is not nonsense. Kput'z is.
Job creation slows when everyone is already working. That's why wages are rising. Supply and demand of labor.
Still teaching economics to Roger.
https://youtu.be/mfcemBpn1Hk
The delusional crap from the President is getting slammed by Fox News!
THE SKY IS FALLING, the sky in falling, the sky is falling
We are headed to a recession
make that a depression
the fucking market is CRASHING
WHITE SUPREMIST HOMOPHOBIC RACISTS
I have no problems it's really Trump who is insane.
BWAAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!!!!!!!!!!!!!
"Job creation slows when everyone is already working. That's why wages are rising. Supply and demand of labor.
Still teaching economics to Roger."
Yep
Including all of The Three Socialist Stooges of CHT.
"Average hourly earnings Aug. 0.4 %"
This is America under a Capitalist.
.S. factory orders rise for second straight month in July
By Greg Robb
Published: Sept 5, 2019 10:11 a.m. ET
SHARE
Factory orders rose 1.4% in July, for the second straight monthly gain, the Commerce Department said Thursday. The increase was led by volatile civilian aircraft orders, primarily BoeingBA, +0.40% Economists polled by MarketWatch had expected a 1.2% increase. Orders in the prior month were revised to a 0.5% gain from the prior estimate of 0.6%. Durable goods orders rose 2% in July, revised down slightly from last week's initial estimate of a 2.1% gain. Orders for nondurable goods rose 0.8%. Core factory orders, excluding defense goods and civilian aircraft, rose a revised 0.2% in July, down from the initial estimate of a 0.4% gain. Shipments of core goods fell 0.6% in July."
Federal Reserve chairman Powell speaks today. His should cut rates by 50 basis points.
I must say, if last night is indicative of the product the NFL is going to have, get rid of preseason. That was awful, but i caught up on the Anthony Bourdain shows i hadn't seen.
It was a mess, less entertaining then KU Football.
I dvr the Thursday , Sunday night (my bowling nite in a mixed leauge) and All Chiefs Games.
if you don’t gulp it down immediately, it starts to bend
Is Kamalatoe talking about straws or Willie Brown
Socialist Democrats what are you promising, $15 an hour, lol, ok.
Average hourly earnings for all employees on private nonfarm payrolls rose by 11 cents to $28.11, or 0.4 percent, following 9-cent gains in both June and July. Over the past 12 months, average hourly earnings have increased by 3.2 percent. In August, average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents to $23.59."
And Alky?
We already knew the facts.
The game last night was an exciting black and blue division defensive battle. Either that or Roger's is losing his shit, and the Bears need a new quarterback.
it was worse than watching soccer
I actually watched most of it after pretty much watching none last year.
I decided either the Packers have a great defense or the Bears have a terrible offense or both.
I also propose a rule change where no game proceeds to overtime unless both teams have scored 13 points or more. And this result would give both teams no points in the standings.
Like soccer I think the inly thing worse would be deciding games by progressively longer field goal attempts, like the penalty kick ending.
https://www.rugbyworldcup.com/
Rugby World Cup starts in 2 weeks
Please, Please, please
EPA Wants to Revoke California Auto Regulation Powers
‘Coal Is Not Back’
Cecil Roberts, the president of United Mine Workers of America, said that the coal industry is not “back,” despite President Trump’s claims, CNN reports.
Said Roberts: “Coal’s not back. Nobody saved the coal industry.”
He added that coal-fired plants are closing all over the country, calling it a “harsh reality.”
Trump Insisted to Fox News He Was Right on Alabama
President Trump called Fox News correspondent John Roberts into the Oval Office to justify his claim that Hurricane Dorian could hit Alabama, CNN reports.
Roberts’ analysis of the meeting in internal emails was that Trump was “just looking for acknowledgment that he was not wrong for saying that at some point, Alabama was at risk — even if the situation had changed by the time he issued the tweet” on Sunday morning, in which he said the state “will most likely be hit.”
Trump also provided Roberts with graphics to make his points.
Washington Post: Trump stays fixated on his Alabama error.
Trump Blames Media for Lackluster Jobs Report
President Trump bashed the news media after the release of an underwhelming August jobs report, accusing reporters of causing anxiety about a potential recession.
Said Trump: “The Economy is great. The only thing adding to ‘uncertainty’ is the Fake News!”
no one cares pedophile
Trump is not altogether wrong there has been a consistent effort to hide and obfuscate the economic good news from the media.
“We’re not forecasting or expecting a recession,” he said. “The most likely outlook is still moderate growth, a strong labor market and inflation continuing to move back up.”
“Our main expectation is not at all that there will be a recession,” Powell said.
https://www.cnbc.com/2019/09/06/powell-says-feds-lower-rates-are-helping-to-keep-the-economy-in-a-good-place.html
Great line from Meghan McCain about Robert O Rourke:
Be to is the only Texan who would change 'come and take it' to 'please come and take it'. Lol.
What a weenie he is.
RRB, the Fed. Chairman Powell qoute is the last nail in the Socialist Democrats "recession" coffin .
ok, so this fucking asshole is a hack -
Roberts, who said he believes the global climate crisis is real, said the only thing he hears 2020 presidential candidates talking about "is how they're going to save all the coal miners in this country or get rid of all the coal miners in this country. Do it tomorrow, you still are not solving climate change."
https://www.cnn.com/2019/09/05/politics/coal-miners-union-president-coals-not-back/index.html
coal miner union president believes in warmyl cooling.
next, cnn will be reporting that the pope has come out in favor of abortion and bernie's third-world shithole eugenics plan.
like 0linsky said - punch back twice as hard -
Jamie Riley, the dean of students at the University of Alabama, has resigned a day after Breitbart published a story highlighting tweets from the dean contending police are racist and other controversial statements.
“Dr. Jamie Riley has resigned his position at The University of Alabama by mutual agreement. Neither party will have any further comments,” a spokeswoman for the university said in an email to AL.com.
https://www.al.com/news/2019/09/jamie-riley-uas-dean-of-students-resigns-following-breitbart-story-on-controversial-tweets.html
it's on like fucking donkey kong.
Greg Pollowitz
Verified account
@GPollowitz
Follow Follow @GPollowitz
More
Live look at viewers watching this marathon CNN town hall on climate
https://twitter.com/GPollowitz/status/1169362456671600640?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1169362456671600640&ref_url=http%3A%2F%2Face.mu.nu%2F
The U.S. economy added a disappointing 130,000 jobs in August, the Labor Department said Friday, heightening fears that President Trump’s trade war is starting to bite.
The jobs report has taken on greater significance as concerns grow that the U.S. economy has entered a rough patch. Economists had predicted 160,000 job gains in August, but anemic hiring in manufacturing, mining, truck driving and retail — industries that are most directly affected by the trade war — helped drag employment gains down this summer.
The hiring slowdown comes as broader economic growth has cooled this year. The manufacturing sector is in a recession, and businesses have stopped spending, largely as a result of headwinds from abroad and Trump’s trade battles. But the U.S. economy is driven primarily by consumer spending, and so far, that remains strong as workers continue to get pay raises and see “we’re hiring” signs in front of many businesses.
https://www.washingtonpost.com/business/2019/09/06/us-economy-adds-just-jobs-august-amid-worries-that-trade-war-has-sunk-its-teeth-into-hiring/
Anonymous Myballs said...
Black unemployment at record low 5.5%.
Which you think will drive black votes to the racist trump you fucking idiot???? BWAAAAAAPAAAAAA!!!!!! Trade war create another concern that donnie don't know shit about the economy!!!!!
consistent effort to hide and obfuscate the economic good news from the media.
While this same media covers the liar in chief denying fucked up his call on alabama.....BWAAAAAAAA!!!! And the slurpers all defend his lies......
Blogger KD said...
Woman, Minorities continue to notice .
That the goat fucker is a flaming asshole!!!!!!!!
Roger is a broken mess.
Alky said once Trump.was sworn in we conservatives would stop posting the U-6 number.
Nope
The Lost Years = 9.8 January 2016
President Trump = 7.3 % Today
The broken goat fucker still has his head stuck up trumps ass as he tries to rationalize tepid jobs report....Kinda like trump and his alabama fuck up.....BWAAAAAAAA!!!!
Who is paying for the wall goat fucker?????? Just a small hint....you are you dumb fucking loser!!!!!!
Since the snow flakes announced a boycott of The Home Depot the stock is up $30 per share.
@thebradfordfile
The President of the United States is selling Sharpies and plastic straws to trigger his lunatic opposition.
Trump is a genius.
I love it.
Goat fucker HD.....what a bullshit post....!!!!! BWAAAAAAAA!!!
Still reveling in paying for the wall like the good little sucker you are!!! Seems other than fucking goats, you like taking it up the ass from trump.....!!!!! Idiot
@VTrumpista
Obama used blackness to get where he wanted to get. Once he got there he moved to Martha’s Vinyard, the Clorox Capital of the United States for whiteness.
@j_gelling
The left is so unhinged they're trying to sell the #JobsReport as some kind of disaster... God they really are just living in their own crazytown bubble.
LOOKS LIKE lo iq "anonymous" is really going to CRAZYTOWN TONITE.
and looks like he can't even figure out that the democrats are paying for the wall.
in 2020 !!!
ROFLMFAO
Once he got there he moved to Martha’s Vineyard, the Clorox Capital of the United States for whiteness.
The goat fucker posts another racist tweet that makes him look big.....BWAAAAAAAAAA!!! What a fucking jackass!!!!
Hey dumb fuck....The US taxpayer is paying for the wall which includes assholes like you if you have a job!!!!!! Trump said Mexico was to pay for the wall.....you are and you can't admit you got fucked just like every other asshole who voted for him!!!!!! Dumb as a box of rocks......BWAAAAAAAAAA!!!
hey lo iq "anonymous", THE DUMBEST POSTER ON THE PLANET,
You do realize that the stock market closed higher this week to levels higher than even before it had been when you posted that it had CRASHED ???
PROVING HOW STUPID YOU ARE CONSTANTLY.
though for someone so stupid it doesn't appear to embarrass you much.
ROFLMFAO !!!
You do realize that the stock market closed higher this week
Do you realize what a dumb fuck statement that is?????? I sure would not want to take any of your infinite idiocy away from you since you do such a fine job all by your stupid self....Keep digging since I am sure trumps dick fits your gaping asshole like a glove!!!!!! BWAAAAAAAA!!!
so I see lo iq still hasn't recovered from that STOCK MARKET CRASH he announced this week.
hopefully he is in therapy for such a traumatizing event.
or maybe he is still in a coma.
He does still appear to constantly think about fucking goats, shoving things up his asshole, sucking people off and the like.
Obviously he is a democrat and is still unsure about his/her/it's gender or sexual preference. Sorry about the previous "he".
ROFLMFAO !!!
No one predicted a stock market crash you dumb fuck....Those are your fantasy words......BWAAAAAAAAAA!!!!!
Seems to me that the only thing in your empty head is a vision of trumps fat old white ass that you are sucking on.....Keep digging sport...your magazine is empty like your head!!!!!
I'll have donnie send you a sharpie to help with your paranoia !!!!
@akarl_smith
NOAA releases a Friday evening, unattributed statement disavowing the NWS Birmingham tweet from Sunday saying Dorian wasn’t going to impact Alabama.
https://twitter.com/akarl_smith/status/1170083784680718339
Why I hate republicans, the NRA, and the undrained swamp you assholes are stuck in!!!
NRA board member and former president obtained low-interest loan from affiliate she leads
Marion Hammer received funds totaling more than $250,000 from 1995 to 2016, at a rate as low as 2 percent, from the organization’s Florida affiliate, leading to more questions about economic benefits flowing to its leadership.
https://twitter.com/realDonaldTrump/status/1170089069105340416
referencing another tweet lo iq should regret, but probably "forgets" like his stock market crashing.
Should have known even he doesn't listen to himself.
ROFLMFAO !!!
lo iq TRIES DIVERSION
look at the squirrel over there !!!
ROFLMFAO !!!
NOAA releases a Friday evening, unattributed statement disavowing the NWS Birmingham tweet from Sunday saying Dorian wasn’t going to impact Alabama.
JUST A PILE OF UNADULTERATED BULLSHIT AND LIES....You are just another brick in the wall of trump stupidity....!!!!
"No one predicted a stock market crash you dumb fuck" Mrs. Denise
Nov. 9th, 2016 Paul Krugman did.
Hey ass wipe....did not post anything about a stock market crash....I am sure you can C+P that post.....asshole.....BWAAAAAAAAAA!!!! Diversion is your game.....LOLOLOLO
Nov. 9th, 2016 Paul Krugman did.
BWAAAAAAA!!! He's been wrong now for 3 years you goat fucking idiot....Who is paying for the wall asshole?????
NOAA releases a Friday evening, unattributed statement disavowing the NWS Birmingham tweet from Sunday saying Dorian wasn’t going to impact Alabama.
JUST A PILE OF UNADULTERATED BULLSHIT AND LIES....
So just to get this straight Denny.
NOAA lies about hurricanes but doesn't lie about climate change?
This is just too good.
Remember this?
anonymous said...
The goat fucking troll acting out his love of trump with the above....MFG now crashing, market down 300 and he keeps sucking on trumps limp dick and shoves pickles up his ass for fun!!!!! Does your family realize what a fuck you are???? Or have they all moved out because of you??????
September 3, 2019 at 4:16 PM
not going to look further but you know you did, every time the market drops you are here screeching and BWAAAAAAAA!!!!!!!ing.
Though lo iq people have terrible memories.
Commonsense said...
So just to get this straight Denny.
NOAA lies about hurricanes but doesn't lie about climate change?
This is just too good.
Commonsence you know lo iq didn't even bother to read the NOAA correction from their spokesman. Goes against the liberal narrative. And shows how dishonest they are.
Denny admits he is wrong, again.
No one predicted a stock market crash you dumb fuck" Mrs. Denise
Nov. 9th, 2016 Paul Krugman did.
Post a Comment