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Old 06-07-2019, 06:49 AM
 
Location: Houston, TX
14,697 posts, read 8,480,076 times
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US added 75,000 jobs in May, a sharp decline from previous months, suggesting the economy may be slowing. Unemployment rate remained steady at 3.6% however.

http://nyt.et.e.sparkpost.com/f/a/eL...wuY29tWAQAAAAA
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Old 06-07-2019, 06:52 AM
 
13,129 posts, read 4,476,925 times
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Just like losing jobs you can't just keep adding and adding. It eventually slows as positions are filled. It will pick back up when and if more are available.
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Old 06-07-2019, 07:02 AM
 
Location: Home, Home on the Front Range
22,892 posts, read 16,269,842 times
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Quote:
Originally Posted by Scooby Snacks View Post
US added 75,000 jobs in May, a sharp decline from previous months, suggesting the economy may be slowing. Unemployment rate remained steady at 3.6% however.

http://nyt.et.e.sparkpost.com/f/a/eL...wuY29tWAQAAAAA
And previous months were also revised downward.


Better than the ADP report but still.

https://www.marketwatch.com/story/ad...may-2019-06-05

Most notable detail from the ADP report:

“...Small business slashed 52,000 jobs in May, ADP said.”

What’s going on there?


In any event, everything I read yesterday noted that the “markets” were expecting near 200,000 added jobs.
How/why were they so far off?
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Old 06-07-2019, 07:03 AM
 
Location: Houston, TX
14,697 posts, read 8,480,076 times
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Quote:
Originally Posted by Dbones View Post
Just like losing jobs you can't just keep adding and adding. It eventually slows as positions are filled. It will pick back up when and if more are available.
I agree. Remaining at 3.6% unemployment is still a great sign for the economy. We're at/near full employment already. I don't know if it's even possible for it to go any lower because there are always people who are voluntarily unemployed.
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Old 06-07-2019, 07:05 AM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,322 posts, read 14,041,763 times
Reputation: 6504
Quote:
Originally Posted by Scooby Snacks View Post
US added 75,000 jobs in May, a sharp decline from previous months, suggesting the economy may be slowing. Unemployment rate remained steady at 3.6% however.

http://nyt.et.e.sparkpost.com/f/a/eL...wuY29tWAQAAAAA
of course it slowed..we are at nearly full employment currently.....less open/unfilled positions out there, less new jobs created


still 75,000 new jobs filled for a month is not bad, that would still (using that number for a full year) be nearly a million NEW jobs for a year


the underemployment rate fell, which means people are getting better jobs... The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) declined by 299,000 in May


Employment continued to trend up in professional and business services and in health care


In May, average hourly earnings for all employees on private nonfarm payrolls increased by 6 cents to $27.83. Over the year, average hourly earnings have increased by 3.1 percent. Average hourly earnings of private-sector production and nonsupervisory employees increased by 7 cents to $23.38 in May

https://www.bls.gov/news.release/empsit.nr0.htm






not really a bad report
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Old 06-07-2019, 07:07 AM
 
Location: Tucson/Nogales
17,393 posts, read 21,234,308 times
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And our dying Planet Earth says: Fewer jobs! Fewer Jobs!

With Trump in office I certainly wouldn't put much faith in statistics today!
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Old 06-07-2019, 07:09 AM
 
Location: Florida
63,030 posts, read 34,328,004 times
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Another bad month.....

The whole year has been dismal, with the best month barely breaking 200K.

I can see companies struggling to plan for the future with Trump destabilizing the economy with all kinds of foolish policies.
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Old 06-07-2019, 07:15 AM
 
1,785 posts, read 453,590 times
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Anything can happen to this economy when a chicken with it's head cut off is running the show.
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Old 06-07-2019, 07:28 AM
 
Location: Alameda, CA
7,465 posts, read 3,959,488 times
Reputation: 1369
Quote:
Originally Posted by workingclasshero View Post
of course it slowed..we are at nearly full employment currently.....less open/unfilled positions out there, less new jobs created


still 75,000 new jobs filled for a month is not bad, that would still (using that number for a full year) be nearly a million NEW jobs for a year


the underemployment rate fell, which means people are getting better jobs... The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) declined by 299,000 in May


Employment continued to trend up in professional and business services and in health care


In May, average hourly earnings for all employees on private nonfarm payrolls increased by 6 cents to $27.83. Over the year, average hourly earnings have increased by 3.1 percent. Average hourly earnings of private-sector production and nonsupervisory employees increased by 7 cents to $23.38 in May

https://www.bls.gov/news.release/empsit.nr0.htm






not really a bad report
"nearly a million NEW jobs for a year" is less than 50% of what Our Dear Leader promised if only we implemented his economic polices. Given what the US has given up in terms of increased deficits and allowing companies to behave badly it is clearly showing the absurdity of Our Dear Leader's policies,
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Old 06-07-2019, 07:35 AM
 
Location: Gulf Coast Texas
28,469 posts, read 15,441,696 times
Reputation: 11390
Quote:
Originally Posted by Finn_Jarber View Post
Another bad month.....

The whole year has been dismal, with the best month barely breaking 200K.

I can see companies struggling to plan for the future with Trump destabilizing the economy with all kinds of foolish policies.
If you have you head in the stats, then it's all a numbers game. If you take you head out of the stats and gauge the mood of the country - there is virtually no complaining about the jobs market right now. We are at near 50 year high with the overall employment numbers.

That why in the past we had the stats report 300,000 more jobs, and the job market in general would still be bad because overall job market was low and there would still be plenty of people out of work.

Gotta look at the whole picture... unless you are being petty and solely seeking to make Trump look bad. Then you just do what you are doing instead of taking a real assessment of employment.
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