428,000 jobs added in April (minimum wage, health care, insurance, compared)

[tillman7]

US jobless claims at 52-year low

https://www.thenationalnews.com/worl...t-52-year-low/

[TMSRetired]

And even more people left the workforce completely as labor participation fell .....

[James Bond 007]

Originally Posted by xray731

Please look in the mirror man - you are talking about yourself.

I did not read a positive manufacturing number and then turn around and say it was negative.

[James Bond 007]

Originally Posted by hawkeye2009

That is liberal BS-

1. we lost 55,000 manufacturing jobs last month

Yup, somebody does not know that a gain is not a loss.

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

Manufacturing added 55,000 jobs in April. Employment in durable goods rose by 31,000, with
gains in transportation equipment (+14,000) and machinery (+7,000). Nondurable goods added
24,000 jobs, with job growth in food manufacturing (+8,000) and plastics and rubber
products (+6,000). Since February 2020, manufacturing employment is down by 56,000, or
0.4 percent.

[lifeexplorer]

Originally Posted by tillman7

US jobless claims at 52-year low

https://www.thenationalnews.com/worl...t-52-year-low/

The keyword here is “claims.”

[GeorgiaTransplant]

Originally Posted by lifeexplorer

The keyword here is “claims.”

Do you really not understand that claims in this context refers to unemployment claims, and not the veracity of statistics?

Of course you don't. Carry on.

[stone26]

As long as we keep adding jobs, I think we're doing good on the unemployment subject. Now if we can only do something to help inflation.

[Variable]

Originally Posted by lifeexplorer

The keyword here is “claims.”

https://www.investopedia.com/terms/j/jobless-claims.asp

What Are Jobless Claims

• Jobless claims are simply a measure of how many people are out of work at a given time.
• Jobless claims are reported in two sections: initial jobless claims, which represent new claimants for unemployment benefits, and continuing jobless claims, which are people who are continuing to receive benefits.
• When a growing number of people willing to work are unable to find work, it is generally a poor sign for the economy.

[Vlajos]

Originally Posted by OpenRider

But Labor force participation still at a generational low...
No wonder people have time to stand on the street with home-made signs screaming at each other...

True, but that is driven by the US aging population:

The national labor force participation rate for the total population ages 16 and over decreased from 64.4% in 2010 to 63.6% in 2019.

Despite the overall dip, the labor force participation rate went up across all age groups from 2010 to 2019:

Ages 16 to 19: 37.7% to 39.9%.
Ages 20 to 64: 77.5% to 78.3%.
Ages 65 to 74: 24.8% to 26.8%.
Ages 75 and older: 5.7% to 7.2%.

This apparent discrepancy in the rates can be explained by the sea change in the age distribution of the U.S. population.

https://www.census.gov/library/stori...g%20for%20work.

[SAN_Man]

Originally Posted by USNRET04

So we are just trying to get back to pre-Covid (Trump) numbers.

Leisure and hospitality leading the way! These are notoriously low paying and generally seasonal, so of course they're leading the way as we enter the high peak summer season.

Shhh, don't tell anyone on CNBC that.