12000

[Hammster]

That’s the number of jobs created last month. Gimme four more year of that Build Back Better stuff.

Come see how the October jobs report was the worst since 2020: "We have 100,000 fewer jobs than we thought we had"

Can you imagine four more years of this??

notthebee.com

 

[JosephZ]

That’s the number of jobs created last month. Gimme four more year of that Build Back Better stuff.

Come see how the October jobs report was the worst since 2020: "We have 100,000 fewer jobs than we thought we had"

Can you imagine four more years of this??

notthebee.com

The decline in job growth was expected.

Hurricanes and Boeing strike will make economic data messy
Oct 11, 2024

The triple whammy of Hurricane Helene, Hurricane Milton, and the Boeing strike are likely to distort economic data in the coming weeks, making the usual indicators of the economy's health more difficult to dissect.

We got an early sign of this with Thursday's report on jobless claims, which saw a spike fueled in part by claims in Helene-afflicted North Carolina and aerospace-heavy Washington state. (Striking workers are not eligible for unemployment benefits, but furloughed workers elsewhere in the Boeing supply chain are.)

Goldman Sachs economists estimate the Boeing strike is on track to subtract 33,000 from October job growth, and Hurricane Helene about 50,000.

October jobs numbers "will likely show flat or negative growth in total employment and an increase in unemployment — to the point that we are not likely to get clean looks at the major economic data series until late 2024 or early 2025," per a note from RSM chief economist Joe Brusuelas.

 

[Hazelelponi]

That’s the number of jobs created last month. Gimme four more year of that Build Back Better stuff.

Come see how the October jobs report was the worst since 2020: "We have 100,000 fewer jobs than we thought we had"

Can you imagine four more years of this??

notthebee.com

All the job growth is in government.

Manufacturing losing still. We just bleed....

 

[rambot]

That’s the number of jobs created last month. Gimme four more year of that Build Back Better stuff.

Come see how the October jobs report was the worst since 2020: "We have 100,000 fewer jobs than we thought we had"

Can you imagine four more years of this??

notthebee.com

This is hilarious.

"The worst job growth in 4 years" means that last 4 years have been a disaster.

Boy. You really pwned Biden with this take.

 

[Hammster]

The decline in job growth was expected.

Hurricanes and Boeing strike will make economic data messy
Oct 11, 2024

The triple whammy of Hurricane Helene, Hurricane Milton, and the Boeing strike are likely to distort economic data in the coming weeks, making the usual indicators of the economy's health more difficult to dissect.

We got an early sign of this with Thursday's report on jobless claims, which saw a spike fueled in part by claims in Helene-afflicted North Carolina and aerospace-heavy Washington state. (Striking workers are not eligible for unemployment benefits, but furloughed workers elsewhere in the Boeing supply chain are.)

Goldman Sachs economists estimate the Boeing strike is on track to subtract 33,000 from October job growth, and Hurricane Helene about 50,000.

October jobs numbers "will likely show flat or negative growth in total employment and an increase in unemployment — to the point that we are not likely to get clean looks at the major economic data series until late 2024 or early 2025," per a note from RSM chief economist Joe Brusuelas.

Nice try. They projected 100000. And the numbers will be adjusted lower.

 

[Hammster]

This is hilarious.

"The worst job growth in 4 years" means that last 4 years have been a disaster.

Boy. You really pwned Biden with this take.

What are you going on about?

 

[rambot]

All the job growth is in government.

Manufacturing loosing still. We just bleed....

You are being lied to....
Because that is 100% false.

What to Know About New Manufacturing Jobs in the United States


I remember when I was in my 20s. I was protesting free trade, the FTAA, and was totally antiglobalization while my conservative compatriots were VERY proglobalzation. Of course, everything I protested was passed, despite our warnings of manufacturing leaving Canada and the US.
And look what happenned. The jobs left.
We were right and conservative working men were lied to and screwed.

Why would I listen to Republican leaders now givn how wrong they were the first time?

 

[rambot]

What are you going on about?

I'm sorry you're confused. I'll be clearer.

This critique and the content of the thread is a joke if it's effort is to make democrats look like the economy is a disaster.

 

[JosephZ]

Nice try. They projected 100000. And the numbers will be adjusted lower.

Job gains in October will likely be dragged down by one-off events like Hurricane Milton and the Boeing strike.
Oct. 30, 2024

Friday’s U.S. jobs report might be a disappointing one — but it comes with a glaring, hurricane-sized asterisk attached.

That’s the warning that economists and some Federal Reserve officials are telegraphing to investors ahead of the latest round of employment data, due out Nov. 1.

October’s series of unusual events — including a massive Boeing workers’ strike and two megastorms affecting the Southeast — could drag on the top-line jobs number and make for an especially wonky employment report.

Ahead of the employment report’s release, one Fed leader has already warned that next week’s numbers should be taken with a grain of salt.

“The October jobs report is going to be messy,” said Callie Cox, chief market strategist at Ritholtz Wealth Management.

“It won’t be easy to interpret the October jobs report,” Christopher Waller, a member of the Federal Reserve’s Board of Governors, said during an Oct. 14 speech. The storms and the strike could shave as many as 100,000 jobs off the top-line number, he said — an impact he described as “significant but temporary.”

At an event in New York earlier this month, San Francisco Fed President Mary Daly spoke about navigating the noise and revisions in recent economic data.

“Data, they’re revised all the time,” she said. “But revisions go up during these kinds of inflection points or turning points or changes in the economy.”



At least one economist felt that job gains in October could be in the negative.


While various surveys of economists show muted expectations for October, some warn there's a chance that job gains could be lower than the 110,000-120,000 consensus. Goldman is just under that with a 95,000 prediction, while Comerica is much lower at 30,000. Former Fed economist Claudia Sahm thinks the print could even be negative.

A print of under 100,000 would be the first since 2020.

"The October jobs report will likely show a severe but short-lived hit from hurricanes Helene and Milton," Adams said. "The report will tell us little about the economy's trend."

Why the October jobs report on Friday could sink the market's soft-landing narrative

"There's really not much evidence that the labor market's meaningfully inflected higher in September," says Neil Dutta.

www.businessinsider.com

 

[Hammster]

I'm sorry you're confused. I'll be clearer.

This critique and the content of the thread is a joke if it's effort is to make democrats look like the economy is a disaster.

I see. I guess gaslighting is your last line of defense.

 

[rambot]

I see. I guess gaslighting is your last line of defense.

pfft. Gaslighting what?

Your confusing a VERY uneven distribution of money with a bad economy. NO economists say the US economy is in a bad spot. But everyone can see that the money isn't going to the right people.

Socialism could fix that. CUrious to hear how capitalists will get steer money away from going into the pockets of the rich to the working man.