Posted on 08/06/2021 6:42:36 AM PDT by ChicagoConservative27
The U.S. added 943,000 jobs in July as a summer rush of travel and recreation spending powered the economy through surging coronavirus cases, the Labor Department reported Friday.
The unemployment rate fell to 5.4 percent in July from 5.9 percent last month, according to the monthly jobs report, as employment growth exceeded the 850,000 consensus job gain projected by economists.
The U.S. was expected to see another strong month of job growth as consumers spent the summer enjoying activities restricted by the coronavirus pandemic.
(Excerpt) Read more at thehill.com ...
Part of the fall in the unemployment rate is that labor force participation remains low.
Good. Save the landlords, people can pay their own rent.
Are we supposed to believe this?
Great, now they can rule forever
ZERO jobs were added - these are people returning to existing jobs. Clueless Joe’s staff will do some creative math to show how Biden “created” new jobs.
More economic manure spreading
Well, I hear Smiths(Kroger) delivers for free so..... Gas tanker trucks? Not so much. So, how long before the truck jackings starts and black market gas is undercutting the stations by a buck a gallon?
Probably “misinformation”.
Same here. Hear ads daily for many of the local warehouses. Petco, Uline, Sally Beauty Supply, MaryK, Amazon dist center.................... We have a bunch.
I wonder how many of those new jobs were created in the States that refused the unemployment benefits?
There was a fuel delivery service and major cities. I now out here in cow country I can get whatever I want delivered to the farm
I believe this. You take 300 bucks a month from people and they go back to work. Common sense. Watch September October numbers skyrocket when the 300 is gone in all states.
That was probably the ADP jobs report from earlier in the week, 330,000. Heard it on the radio. Of course, I trust their numbers more than anything put out by the current administration.
Just in time for more lockdowns
meanwhile job participation is still under 62%
The govt is not going to be able to force peeps into electric cars on a widespread basis without gas being expensive.
The plan is to penalize petroleum and subsidize electric.
In some countries in Europe the electric market share is 50% mostly based on economics.
The Labor Department included a million new illegals standing around Home Depot parking lots as “employed”.
Wouldn’t have anything to do with red states refusing to extend emergency unemployment would it? Nah, that can’t be it.
And ALL of those new jobs were likely in the the states that stopped the extra $300/week government unemployment bonus in the last months. In the rest of USA, there are more available jobs than people on unemployment, but no one is jumping off the gravy train to actually work for their money.
Wanna bet Deep State is cooking these numbers just like they cook CoupFlu stats...
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