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Old 07-05-2019, 06:46 AM
 
Location: City Data Land
17,154 posts, read 13,003,390 times
Reputation: 33191

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The unemployment rate is up to 3.7% from 3.6% in May, suggesting a slow cooling of the economy rather than a steep one.

https://www.nytimes.com/2019/07/05/b...899448ing-news
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Old 07-05-2019, 06:55 AM
 
Location: Salisbury,NC
16,773 posts, read 8,246,942 times
Reputation: 8544
The prior 3 months have been revised down.

We have a consumer driven economy and the consumer's are starting to become over leveraged. The promised raise in earning's from Trump's tax cuts have not happened.

Prices are starting to rise. Shopping for the weeks food is becoming more expensive as the tariffs start kicking in.

We went through this in the 80's, it's called stagflation.
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Old 07-05-2019, 06:57 AM
 
Location: Northern Wisconsin
10,379 posts, read 10,947,354 times
Reputation: 18713
How can 200k jobs mean a cooling economy. If a dem were president, he'd be called the greatest of all time by NYT. The media keeps trying to suppress enthusiasm for the future of the economy, but it keeps refusing to obey.
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Old 07-05-2019, 07:02 AM
 
34,300 posts, read 15,706,581 times
Reputation: 13053
Quote:
Originally Posted by Boss View Post
The prior 3 months have been revised down.

We have a consumer driven economy and the consumer's are starting to become over leveraged. The promised raise in earning's from Trump's tax cuts have not happened.

Prices are starting to rise. Shopping for the weeks food is becoming more expensive as the tariffs start kicking in.

We went through this in the 80's, it's called stagflation.
How can that be !!!

All the democrat hopefuls and their minions say it Obama's economy !!!

Looks like Obama is every bit the POS people say he is !!!
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Old 07-05-2019, 07:04 AM
 
Location: USA
18,518 posts, read 9,203,092 times
Reputation: 8542
How many of these new jobs pay enough for a person to afford a studio apartment, a used car, food, utilities, and health insurance? I’m betting that only 30% of these new jobs fit that category.

Without a “job quality” metric, these job statistics are largely meaningless.
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Old 07-05-2019, 07:08 AM
 
Location: Boston
20,206 posts, read 9,113,073 times
Reputation: 18935
NYT has been predicting the Great Depression since the day Trump took office. Fun to watch them squirm under the Trump economy! Liar's club (NYT) in full meltdown.
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Old 07-05-2019, 07:14 AM
 
Location: Florida
76,971 posts, read 47,757,078 times
Reputation: 14806
Quote:
Originally Posted by Scooby Snacks View Post
The unemployment rate is up to 3.7% from 3.6% in May, suggesting a slow cooling of the economy rather than a steep one.
224K

Not horrible, but certainly nothing to brag about, although we all know Trump will call it "best ever".
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Old 07-05-2019, 07:15 AM
 
34,300 posts, read 15,706,581 times
Reputation: 13053
Quote:
Originally Posted by Freak80 View Post
How many of these new jobs pay enough for a person to afford a studio apartment, a used car, food, utilities, and health insurance? I’m betting that only 30% of these new jobs fit that category.

Without a “job quality” metric, these job statistics are largely meaningless.
Why learn what your talking about before you put a negative spin on it ?

Political motivation not meeting economic reality and the data !!!


Hiring rebounds in June as U.S. creates 224,000 jobs, unemployment rises to 3.7%
http://www.marketwatch.com/story/hir...dist=bigcharts


The increase in hiring was widespread. Professional firms hired 51,000 people, health-care providers added 35,000 jobs and transportation and warehouse companies boosted payrolls by 24,000.

Some more good news: Construction companies hired 21,000 workers and manufacturers increased employment by 17,000. Both industries grown more slowly this year and added very few workers.
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Old 07-05-2019, 07:17 AM
 
Location: Boston
20,206 posts, read 9,113,073 times
Reputation: 18935
what a horrible weekend to be a Democrat. Great economy, millions celebrating out nation's birthday and all the wonderful blessings America has bestowed upon us. How's it feel being ungrateful?
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Old 07-05-2019, 07:20 AM
 
26,694 posts, read 14,608,155 times
Reputation: 8094
Quote:
Originally Posted by Scooby Snacks View Post
The unemployment rate is up to 3.7% from 3.6% in May, suggesting a slow cooling of the economy rather than a steep one.

https://www.nytimes.com/2019/07/05/b...899448ing-news
This is terrible, just terrible. Why doesn’t the economy crash? I have been praying for the economy to crash every day since November 8, 2016.
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