Posted on 07/02/2021 6:46:23 AM PDT by where's_the_Outrage?
The U.S. economy added 850,000 jobs in June as the pace of the recovery surged — quieting simmering fears, at least temporarily, of more lasting harm from labor and supply shortages.
The unemployment rate changed little, ticking up to 5.9 percent from 5.8 percent.
The news is likely to be seen as a good sign for the economy more than one year into the pandemic, after numerous wrinkles have emerged to complicate a labor recovery many hoped would be faster at this level of vaccinations.
“It’s a pretty strong report,” said Kate Bahn, an economist at the Washington Center for Equitable Growth. “This overshot expectations. And the job growth was in the industries that had been so hard hit. This is pointing to signs that we’re growing back exactly where we need to be growing back.”
(Excerpt) Read more at msn.com ...
How many are new hires at Amazon who won’t last 2 weeks?
But all their income goes to gasoline and groceries so..
NEW hires.
Bull. Shit.
This is the same s$it Obama pulled with Obamacare. 13 million people thrown off insurance, 7 million signed on to Obamacare and the media reported it as a 60% increase in “new” Obamacare signups.
Yep it’s just those Summer jobs
Could be all the Red States getting back to work?
Would be interesting to see a state by state chart . . .
It very much is happening more in red states than blue. I have to assume it’s because of the early expiration of federal jobless benefits in the more conservative states.
Either way, this is good cause to cancel the $1.7 trillion porkulus bill.
How many of those so-called “new hires” occurred in states that have stopped subsidizing “staying at home”?
All of them? 8>)
Yep, probably mostly lies.
U.S. economy added 850,000 jobs in June as labor market showed renewed strength
The unemployment rate changed little, ticking up to 5.9 percent from 5.8 percent.
one of these is wrong...
notice how “changed little” is an increase where it should have been a DECREASE...
How many of those jobs are located in the states which stopped extra funding for unemployment? That is the real question.
Not necessarily. When calculating the unemployment rate they only count people who say they're actively looking for a job.
If people start to go off of unemployment or get off the sidelines for other reasons it can cause the unemployment rate to tick up.
In fact, in a fairly hot economy like this it's viewed as a good sign that more people are entering or returning to the workforce.
U.S. economy added 850,000 jobs in June
Misinformation it’s due to people returning to their jobs Biden’s pay to stay at home plan is fading only 23 states still allow slacker pay.
Well, I guess the Trump Vaccines did the trick. #;^)
The wages they are paying is ridiculous. The Big Mac I just ordered cost me $4,320.00 without fries.
Summer hiring.
Fast food places around the country are begging for help offering up to $15.00 an hour and no takers.
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