U.S. job growth totaled 175,000 in April, much less than expected

[trophy33]

Nonfarm payrolls increased by 175,000 on the month, below the 240,000 estimate from the Dow Jones consensus, the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate ticked higher to 3.9% against expectations it would hold steady at 3.8%.

https://www.cnbc.com/2024/05/03/jobs-report-april-2024-us-job-growth-totaled-175000-in-april.html

 

[Laodicean60]

https://www.cnbc.com/2024/05/03/jobs-report-april-2024-us-job-growth-totaled-175000-in-april.html

I knew this was coming and it's the start. A lot of people here like to post economic data to show how well their president is doing and that is a mistake because it might bite them in the end. In the past job numbers, the people rarely saw the downward revision that comes from the BLS the month after. To be honest this number might be revised upward next month because it's a big variance from month to month employment.

It's all about psychology so the media lies just to keep the stock market up.

 

[o_mlly]

Nonfarm payrolls increased by 175,000 on the month, below the 240,000 estimate from the Dow Jones consensus, the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate ticked higher to 3.9% against expectations it would hold steady at 3.8%.

https://www.cnbc.com/2024/05/03/jobs-report-april-2024-us-job-growth-totaled-175000-in-april.html

Don't fight the Fed.

Those who buy goods and services with borrowed money are experiencing not only inflated prices due to the government spending money it doesn't have but also higher payments due to higher interest rates.

Companies stop making products that people are no longer buying. Companies lay off the employees hired to make those no longer demanded products.

Constrictive monetary policy (Fed) is aways driven by and follows poor Fiscal policy (Biden).