In Biden's first full month as POTUS, The US economy added 379,000 jobs, unemployment rate fell to 6.2% The U.S. economy added back the most jobs in four months in February, as easing COVID-19 case counts and a ramping vaccine rollout allowed distancing restrictions to begin to moderate. The unemployment rate also unexpectedly improved during the month. The U.S. Labor Department released its February jobs report Friday morning at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg: Non-farm payrolls: +379,000 vs. +200,000 expected and a revised +166,000 in January Unemployment rate: 6.2% vs. 6.3% expected and 6.3% in January Average hourly earnings, month-over-month: 0.2% vs. 0.2% expected and a revised 0.1% in January Average hourly earnings, year-over-year: 5.3% vs. 5.3% expected and a revised 5.3% in January https://finance.yahoo.com/news/febr...partment-unemployment-pandemic-192526748.html
That's good news but I'm guessing that will be used as further ammo to argue against the COVID Relief bill.
july 2021 job report is out, most of the job creation have been generated by the leisure industry, eg, bars / restaurants the much anticipated infrastructure bill will help to create more jobs
Ahh ****! first 9/11, then Covid-19, now this another tan suit. This young generation will get no rest just like the Great Depression/WWII generation
reactions to this impressive job creation in July These numbers outperformed a Bloomberg forecast which predicted a jobs gain of 858,000 jobs, with the unemployment rate falling to 5.7%. https://www.salon.com/2021/08/06/better-than-expected-jobs-report-shocks-foxs-maria-bartiromo- wow-big-beat/ "It's exactly the kind of report that the market wanted, in that it is strong," Seema Shah, chief strategist at Principal Global Investors, told Reuters. "It suggests that a labor market recovery is in play but also not so strong that it's going to push forward the timings of the Fed tapering. That is goldilocks, that perfect mix of strong but not too strong." "I have yet to find a blemish in this jobs report," echoed Harvard economist Jason Furman on Twitter. "I've never before seen such a wonderful set of economic data." So encouraging that even Fox Business anchor Maria Bartiromo, who had parroted Trump's claim of a stolen 2020 election, appeared stunned while reporting the news on Friday. "The markets are flat going into the jobs report, this is the July job support, we're expecting 870,000 jobs added to the economy," Bartiromo told her viewers seconds before the report was released. But after hearing the figures, Bartiromo admitted: "Wow, big beat!"
Trump's America Despite inheriting a healthy economy from Obama, whose policies generated 71 consecutive months of net job gain > 100K, Trump left office with the worst jobs record since Herbert Hoover Trump became the first post–World War II president to see employment fall during his presidency. It last occurred when Herbert Hoover left office in 1933 amid the early years of the Great Depression. Biden's America ]
Jobs added now - Good job Biden! Jobs added during Trump - Boo! Obama's jerbs! CHINA tanks the entire world economy with COVID - Trump's fault. Adoo "logic" Let's not forget that Trump's economy was awesome before CHINA pulled this bullshit stunt. They owe us and the rest of the world reparations
if only the carnival barker had bark about him and his wife getting vaccine shots, when they're residing in the WH https://bbs.clutchfans.net/threads/what-if-the-carnival-barker-had-bark.312298/
The rise was expected as Uncle Joe cut off the benefits gravy train on Labor Day. Great Resignation is still ongoing though.
Oh, wow, look at the deep state at work. Given how much the perception of the economy impact voters, this probably did have an impact on the recent elections and polling about the economy. The government dramatically underestimated job growth this summer | Stars and Stripes The government sharply underestimated job gains for most of 2021, including four months this summer in which it missed more job growth than at any other time on record. In the most recent four months with revisions, June through September, the Bureau of Labor Statistics (BLS) reported it underestimated job growth by a cumulative 626,000 jobs — that's the largest underestimate of any other comparable period, going back to 1979. If those revisions were themselves a jobs report, they'd be an absolute blockbuster. ...
revised up to +312k which would be in line with the labor market rebounding instead of the disappointment that it might be stalling
Ok, let say you believe in that job growth report under Brandon. Tell me how far that average take home paycheck is going to last you?
