Posted on 02/05/2021 9:06:33 AM PST by Red Badger
The U.S. economy added 49,000 jobs in December and the unemployment rate dipped to 6.3 percent, according to data released Friday.
Economists surveyed by Econoday had forecast an addition of 50,000 jobs and a slight rise in the unemployment rate to 6.8 percent.
The estimate for December was revised down significantly, from a loss of 140,000 to a loss of 227,000. This is the third straight month of sluggishness in the labor market.
Job gains in professional and business services and in both public and private education were offset by losses in leisure and hospitality, in retail trade, in health care, and in transportation and warehousing.
Private sector employment grew by just 6,000. Manufacturing employment shrank by 10,000, much worse than the predicted gain of 30,000. Retail trade employment shrank by 37,800 after expanding by 134,900 in December.
(Excerpt) Read more at breitbart.com ...
I got to say with all that is going on the American economy is doing quite well with the government overlords doing everything to club it like a baby seal.
Give it time.
Wonder if this include the pipeline and border wall job losses???
This would be the final month of the Trump economy...
The market is happy as long as the gummint keeps promising more fiat cash to slackers.
Remember all the Dem years of Clinton and Obama? Employment records had more secrets and magical happenings than a magician’s stage show.
One: A person who does odd jobs for friends and neighbors and gets paid two or three times in a week is registered as an “employed worker.” For that week.
“Unexpectedly “
The favorite word for all of Obama and Democrat failures.
Did any women get jobs or rehired?
The December 2020 Bureau of Labor Statistics report had more bad news for women: all of the jobs lost were women’s jobs:
The December 2020 Bureau of Labor Statistics report had more bad news for women: all of the jobs lost were women’s jobs. Specifically, that December report revealed that while men gained 16,000 jobs, women lost 156,000 jobs.
Sen. Ernst & Lukas: COVID and women – their careers, businesses at risk if we don’t reopen soon. Here’s how:
https://www.foxnews.com/opinion/covid-impact-women-careers-businesses-joni-ernst-carrie-lukas
The Reports we get through Q1 2021 will be the last of Trump’s economy. You will then see the word “unexpected” preceding every dismal economic report thereafter.
In Obama times they used to release good numbers and then quietly revise them to the real number later.
Since when is 227 smaller than 140? Damned lying Rats.
Will somebody please splain this to me?
Labor Department: new unemployment claims:
787,000 January 7
985,000 January 14
900,000 January 21
847,000 January 28
___________
3,519,000
Three and a half million people lost their jobs, and the end result is, payrolls increased by 49,000 jobs?
The numbers they report are ‘new’ unemployment claims.
They do not account for those who found jobs, benefits ran out or they died................
Stagflation here we come, but my mean Trump tweets.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.