Posted on 11/20/2025 6:36:06 AM PST by abb
U.S. job growth defied expectations in September, according to a Labor Department report issued nearly seven weeks late due to the government shutdown.
Payrolls rose by a seasonally adjusted 119,000 on the month, the strongest gain since April, the Labor Department said Thursday.
(Excerpt) Read more at wsj.com ...
And the other good news is that damned few of them are government jobs!
https://abcnews.go.com/Business/long-delayed-jobs-report-show-hiring-amid-wobbly/story?id=127668400
Jobs report blows past expectations, defying hiring slowdown
and lemme guess: 100% of those jobs are going to H1B’s
some history on the term “unexpectedly.”
https://www.aei.org/articles/pro-obama-media-always-shocked-by-bad-economic-news/
Pro-Obama Media Always Shocked by Bad Economic News
By Michael Barone
Washington Examiner
May 29, 2011
Unexpectedly!
As megablogger Glenn Reynolds, aka Instapundit, has noted with amusement, the word “unexpectedly” or variants thereon keep cropping up in mainstream media stories about the economy.
“New U.S. claims for unemployment benefits unexpectedly climbed,” reported CNBC.com May 25.
“Personal consumption fell,” Business Insider reported the same day, “when it was expected to rise.”
“Durable goods declined 3.6 percent last month,” Reuters reported May 25, “worse than economists’ expectations.”
“Previously owned home sales unexpectedly fall,” headlined Bloomberg News May 19.
“U.S. home construction fell unexpectedly in April,” wrote the Wall Street Journal May 18.
Those examples are all from the last two weeks. Reynolds has been linking to similar items since October 2009.
Mainstream media may finally be catching up. “The latest economic numbers have not been good,” David Leonhardt wrote in the May 26 New York Times. “Another report showed that economic growth at the start of the year was no faster than the Commerce Department initially reported — ‘a real surprise,’ said Ian Shepherdson of High Frequency Economics.”
Which raises some questions. As Instapundit reader Gordon Stewart, quoted by Reynolds on May 17, put it, “How many times in a row can something happen unexpectedly before the experts start to, you know, expect it? At some point, shouldn’t they be required to state the foundation for their expectations?”
I recall when only a 200,000 monthly gain meant stability in the market (counting for transitions)
Do we celebrate 120,000? Looks like we are in worse shape than is being portrayed. Too bad we can’t privatize all the crap gov’t shouldn’t be doing.
Being an older person, I am surprised as the number of young people (under 35) that are engaged in online trading. Perhaps that balances out - I know the retail traders are a much more impactful group than 10 years ago
New buzzword -— “DEFIED” !!!
Ive noticed every positive economic report that comes through in the last few months always have “unexpected”,”surprising” or “unanticipated” qualifiers.
Maybe folks should stop betting on failure.
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