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Could be that what many have been saying - unemployment is much higher than reported - is true. More and more people are coming out and finding a job. People who had fallen off the "unemployment" because they had given up.
If that's true, wages should start to go up significantly in the next few months as there really is a worker shortage.
We'll always have at least some unemployment and some under-employment. People who can't work or who choose not to work or who take a part time job at a lower salary because the hours are better. Employment statistics don't tell individual stories; they only suggest the big picture.
However, as today's job report shows, we've now had 90 consecutive months of job growth. That's truly an amazing thing for American workers, especially given where we were during the recession where more jobs were being lost than created.
No one can predict the future, of course, but inevitably, there will come a time when we'll get into another cycle of job losses instead of job gains.
I have heard this liberal argument for a long time now.
DOW -710
Its neither a liberal or a conservative argument; its an assertion based an examination of the BLS data. There are currently 5 million out of the work force, who are not looking but who claim they want a job. Add all 5 million to the workforce and see what the LFPR is. When the LFPR was at its highest there were just above 4 million in that category. So its unlikely that the 5 million will actually return to the workforce.
Let's see. A horrible jobs report. Stock market tanking. Trade war with China.
Let me know when ya'll are tired of winning.
The jobs report was good. 474,000 more Americans are working.
The stock market is irrelevant. Since you don't know the number of foreign States, foreign banks, foreign companies, foreign investment funds or private foreigners who have purchased US stocks or the amount of stocks they hold, you don't know if they are the ones dumping stocks to reinvest Capital elsewhere, perhaps to take advantage of the so-called trade war.
And, the trade war was a long time coming, since China manipulates its currency to gain an advantage.
Quote:
Originally Posted by legalsea
I see no reason to start a new thread with each new job report.
For March, 103,000 jobs were created, less than the predicted 185,000 (these predictions seem to always be off).
January and February jobs were revised downward by 50,000.
Unemployment rate remains excellent at 4.1 percent.
Of course, it has been my thought that once you hit full employment you simply cannot expect job rates of 300,000 or so each month. So, I do not look at the March report with alarm. Of course, I am not an economist, and I have no idea how the stock market will react (since Mr. Trump announced new tariffs against China last evening, I imagine today's market will not reflect the jobs report).
Anyway, the 90th consecutive month of job growth, the longest streak 'on record'.
There were actually 474,000 jobs created in March. The 103,000 "seasonally adjusted" number is just something BLS pulls out of a hat to make their graphs look pretty.
There were 1,555,000 jobs created in February.
If you use alternative measures, there were 768,000 jobs created in February and 603,000 jobs created in March.
There were actually 474,000 jobs created in March. The 103,000 "seasonally adjusted" number is just something BLS pulls out of a hat to make their graphs look pretty.
There were 1,555,000 jobs created in February.
If you use alternative measures, there were 768,000 jobs created in February and 603,000 jobs created in March.
The people who cite the unadjusted figures like to do so only to make things look better than they really are. They only cite the months when the unadjusted numbers go way up (as they always do for those particular months) but ignore the months when the unadjusted numbers go way down.
In January, 3.095 million jobs were lost. And in July of last year, 1.092 million jobs were lost. How come you're not telling us the economy sucked in January and July? Because it wouldn't fit your narrative, that's why.
Q1 total jobs created has us on pace for 2 million plus adjusted gains in 2018. That should drop unemployment below 4%. Very good.
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