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U.S. Job Growth Rebounds With 224,000 Created In June, Quelling Fears Of Economic Slowdown
Fox News via Hotair ^
| 07/05/2019
Posted on 07/05/2019 6:38:55 AM PDT by SeekAndFind
U.S. employers added 224,000 jobs Opens a New Window. in June, beating Wall Street Opens a New Window. s expectations of 160,000 likely quelling some concerns about an impending economic slowdown on the heels of a worse-than-expected month for job creation.
The unemployment rate ticked up slightly at 3.7 percent, while the labor force participation rate was also little unchanged at 62.9 percent. Average hourly earnings, meanwhile, rose by 6 cents to $27.90. Over the year, average hourly earnings have increased by 3.1 percent, slightly missing expectations of 3.2 percent growth.
Fox News Posted at 9:15 am on July 5, 2019
foxbusiness.com/economy/june-jobs-report-2019
TOPICS: Business/Economy; Front Page News
KEYWORDS: boycotts; economy; incometaxes; jobs; sanctions; tariffs; taxcutsandjobsact; taxreform; tcja; trade; unemployment
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To: SeekAndFind
2
posted on
07/05/2019 6:44:27 AM PDT
by
VanDeKoik
To: SeekAndFind
Full employment angers Democrats
To: SeekAndFind
I really don’t see the reason for lower interest rates.
Frankly, higher rates justified.
4
posted on
07/05/2019 6:49:05 AM PDT
by
MichaelCorleone
(Jesus Christ is not a religion. He's the Truth.)
To: SeekAndFind
Really?
“...quelling fears of an economic slowdown...” NO...
That “analysis” should read:
“DASHING THE HOPES OF DEMOCRATS FOR “...an economic slowdown.”
5
posted on
07/05/2019 6:53:16 AM PDT
by
pfony1
(Put Up or Shut Up!)
To: SeekAndFind
I’ll bet it’s unexpected again...
All joking aside, I pray to God the good economic news can continue till next year. We need all the help we can get and the left doesn’t need any aid.
6
posted on
07/05/2019 7:00:51 AM PDT
by
Vaden
(First they came for the Confederates... Next they came for Washington... Then they came...)
To: SeekAndFind; Grampa Dave; Diana in Wisconsin; EEGator
7
posted on
07/05/2019 7:03:19 AM PDT
by
abb
("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
To: abb
https://finance.yahoo.com/news/us-june-jobs-payrolls-report-161858754.html
Junes much stronger-than-expected report indicates that perhaps the U.S. economy isnt deteriorating as meaningfully as many had feared.
The bastards just can't help themselves...
8
posted on
07/05/2019 7:06:47 AM PDT
by
abb
("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
To: MichaelCorleone
RE: Frankly, higher rates justified.
How about just leaving things the way they are?
9
posted on
07/05/2019 7:20:05 AM PDT
by
SeekAndFind
(look at Michigan, it will)
To: SeekAndFind
10
posted on
07/05/2019 7:28:12 AM PDT
by
SeekAndFind
(look at Michigan, it will)
To: MuttTheHoople
11
posted on
07/05/2019 7:29:01 AM PDT
by
Big Red Badger
(Despised by the Despicable!)
To: MichaelCorleone
There’s very little inflation. The Fed’s mandate is to maintain price stability.
The Fed increased rates 8 times I believe since Trump was elected, and 4 times in 2018, most recently last December. I read that it takes 2 years for the effect of a rate increase on the economy to fully play out. Therefore it would be a very bad idea to increase rates.
12
posted on
07/05/2019 7:29:11 AM PDT
by
lasereye
To: abb
The bastards just can’t help themselves...
There are times when a punch in the face is necessary.
I think John Wayne does it best
https://youtu.be/o3343LUHNb4
13
posted on
07/05/2019 7:39:03 AM PDT
by
redshawk
(Willie's Whore was bused......oh my...lying pig)
To: MichaelCorleone
Agreed. The Fed should save its bullets.
14
posted on
07/05/2019 7:39:29 AM PDT
by
trublu
To: abb
Good grief!!
Only a total IDIOT could ask whether or not an economy was “meaningfully deteriorating”!!
15
posted on
07/05/2019 7:48:18 AM PDT
by
milagro
(There is no peace in appeasement!)
To: SeekAndFind
Sure, if things are truly ‘left alone’, meaning that the market decides where interest rates find their equilibrium.
Problem is nobody in a position of influence is willing to let the free market determine the cost of money.
Having said that, if the economy is truly this strong, if unemployment is truly this low, rates should not be a all-time lows.
Low inflation (which is a farce but that is a subject for another day) is the result of low velocity of money. Everyone - government, corporations, and individuals are up to their eyeballs in debt. It needs to be paid off to a significant degree.
16
posted on
07/05/2019 7:51:13 AM PDT
by
MichaelCorleone
(Jesus Christ is not a religion. He's the Truth.)
To: abb
Surprise, surprise!
Unexpected good news!
The bad news trolls on Free Republic are having another bad day like their liberal buddies.
17
posted on
07/05/2019 7:52:06 AM PDT
by
Grampa Dave
(KAG! Keep America Great! Vote for President Trump in 2020! KAG! Keep America Great, Again!)
To: abb
18
posted on
07/05/2019 7:56:37 AM PDT
by
EEGator
To: lasereye
Au contraire, nom frere, inflation is not ‘low’, those numbers are cooked.
The rate increases were in very small increments from a historically low base.
In a supposedly booming economy with historically low unemployment, rates should be significantly higher. And our economy should be able to handle it.
Also, manipulation of rates this low for this long causes severe dislocations in the real economy.
If the players are so ultra confident of where rates ‘should’ be, why are they not advocating the free market be the final arbiter to determine that?
Centralized planning never worked and never will. It only plants the seeds for major problems down the road.
19
posted on
07/05/2019 7:58:15 AM PDT
by
MichaelCorleone
(Jesus Christ is not a religion. He's the Truth.)
To: pfony1
Wall Street was horrified at hearing the good news. I am walking into my boss today and telling her off, hoping to get fired, of course. It’s the least I can do to help Wall Street, and the Democrat Party.
20
posted on
07/05/2019 7:58:41 AM PDT
by
alstewartfan
("The strangest women run wild down there Covered head to toe with Fur and hair." Al Stewart in Hanno)
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