= 10.3 + 3.7
= 14
My guess is that its about triple that year on year.
Good job Brandon......spit.
Posted on 09/02/2022 6:22:53 AM PDT by ChicagoConservative27
Job growth slowed slightly in August but remained well above pre-pandemic levels as steady consumer spending powered another strong month of hiring.
The U.S. added 315,000 jobs last month and the unemployment rate rose to 3.7 percent, according to data released Friday by the Labor Department, up from 3.5 percent in August.
Economists expected the U.S. to gain roughly 300,000 jobs last month without the unemployment rate budging, according to consensus estimates. While the unemployment rate rose by 0.2 percentage points, the labor force participation rate also rose by 0.3 percentage points.
(Excerpt) Read more at thehill.com ...
They’re going to need those jobs to pay for all this inflation that Joek says ain’t happening.
Nowhere in the article does it say expectations for August were 450,000 jobs- der fuhrer fell short by 30%
I would imagine the HARVESTS across the fruited plains would bump up some jobs.... seasonal..
That’s right. And a month from now, a few outlets will quietly report the goverment’s revised numbers showing the job gains were actually lower than first projected.
Umemployment going south is a lagging economic indicator.
= 10.3 + 3.7
= 14
My guess is that its about triple that year on year.
Good job Brandon......spit.
Good luck wid dat
Cost of diesel fuel so high farmers cant afford to truck their produce to market or even harvest their own crops
Big shortage of fertilizer, ammonia cost goes up due to high cost of natural gas
Shortage and high cost of various pesticides
Part time jobs, 2 or 3 held at a timetime
The headline is Illogical, jobs added, BUT UNEMPLOYMENT UP!
A slew of businesses are closing most have outlived or are too expensive and can’t compete with Amazon or Walmart Chinese crap. And even they lack products people need. Ship times are longer. Chinese have no concept of American taste.
I shopped at our only grocery store KrogersWeds. no meat/seafood at the meat counter, produce is not of good quality. And I’m not paying nearly $2 for a can of Campbell’s condensed soup. Over Salted, Sugar, canned goods, nasty can taste in canned fruit. What the H is Shaved Waygu meat doing in a small southern town, that Ground Round is the top of the line.
And NO I don’t need your Over Priced Halloween candy you have full aisles of, but little choice in peant butter.
No Stockers, but the cashiers. The people they’d hired to stock the reserved higher-priced stuff missing. I don’t do self-checkout, not even if they put in bigger units and a bagger. LOUD HQ central control Music, I reported as being hearing damaging. Exceed my 40 DB shooting muffs, without my Hearing Aids was still too loud.
We are to small for a Walmart even.
Just wait until the end of the year. Businesses are having difficulty. Many are unable to pay rent. It’s an unusual combination of inflation and a labor shortage. The unemployment rate is not necessarily the economic indicator to look at right now, at least not in isolation. The labor participation rate is more indicative of what’s occurring. There are many on the sidelines and not reported in the unemployment figures. When business cannot operate at full capacity due to labor shortages and all other expenses have gone through the roof, then they are unable to generate the revenue to meet basic expenses like rent.
Yep, thanks for adding some color here.
Shrinking margins are soon going to result in many layoffs across various industries.
The worst is yet to come IMO.
Consumer spending lol? Meaning they are paying inflation driven prices so high, they need to go to work to pay for it since the hand outs and cheap credit have dried up.
Businesses are having difficulty. Many are unable to pay rent.
************
Bloomberg is reporting that “more than 20 million American households have fallen behind on their utility bills, about 1 of every 6 homes”.
That number will worsen down the road IMO, as well as increasing numbers who are unable to pay their rents.
It was also Bloomberg that reported about business not making rent. Steve Cortez has talked about this occasionally over the summer. I don’t recall the exact figures, but I believe it was over 50% of businesses can’t or don’t think they will make rent in the near term. I am seeing the signs locally. There’s a microbrewery near me that just went out of business. They managed to stay in business during the pandemic, but their doors were closed part of the time and then hours and service was limited. They almost certainly received government assistance during that time. I bet that paid the owners and drove them into debt. That’s an added expense businesses have to carry. The solution to get out of those loans is to go bankrupt. I highly doubt the owners are personally responsible for the loans.
Sure it did...
We’re still over 5 million jobs short compared to 2019
I say-—ASK ADP how many new jobs.
They do payrolls for million-—and they are far more accurate.
WSJ = Murdoch Sons Left-wing
Cnbc = DNC non stop spin
Matchwatch = Appears to be a Soros website
Yahoo Left Wing Nutter News
Business Insider = Radical News Non stop .
We are surrounded by non stop lies .
The devil is in the details, isn’t it...
https://www.bls.gov/news.release/empsit.nr0.htm
Note the last four paragraphs in the report.
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