315k jobs added in August

21 months ago Donald Trumpf practically guaranteed that if Biden were elected there would be a massive economic depression.
 
The U.S. job market remains unusually hot heading into the Labor Day weekend.

Employers added 315,000 jobs in August, according to a report from the Labor Department. The unemployment rate rose to 3.7% from 3.5% in July, but only because nearly 800,000 new people entered the workforce. Employment gains for June and July were revised down by a total of 107,000 jobs.

Retailers, factories and health care all added jobs last month.

The labor market continues to shine, despite slowing economic growth and rising fears of recession. Payroll employment has now rebounded to levels not seen since the start of the pandemic. That leaves workers with more money to spend and helps to support the consumer-driven economy

But a strong labor market also has the potential to fuel even higher inflation at a time when businesses are already struggling to keep up with rising demand for goods and services.

https://www.npr.org/2022/09/02/1120...-labor-recession-inflation-fed-interest-rates
 
its a good idea to note that this is a trailing indicator and not indicative of future trend.

additionally it does not differentiate between 2nd and 3rd jobs in the tally. Thats why its so much higher than the broader household survey.

leading indicators show net job contraction in 2022.
 
Celticguy said:
its a good idea to note that this is a trailing indicator and not indicative of future trend.

additionally it does not differentiate between 2nd and 3rd jobs in the tally. Thats why its so much higher than the broader household survey.

leading indicators show net job contraction in 2022.
Click to expand...

"The household survey (used to generate the unemployment rate) was even more impressive (than the payroll survey). It reported employment rising 442k. However, the eye-catching thing was the jump in worker participation (to 62.4% from 62.1%) with the civilian labour force increasing 786k in August. Consequently the unemployment rate rose to 3.7%, but for a really positive reason. It looks as though workers may finally be returning"

https://think.ing.com/articles/a-goldilocks-us-jobs-report
 
Cypress said:
21 months ago Donald Trumpf practically guaranteed that if Biden were elected there would be a massive economic depression.
Click to expand...
The global economic outlook is not good. It's not all Biden's fault but he's been part of the problem for 50 years. The US economy runs on war. Biden's war on Russia will bankrupt the US and EU.
 
Celticguy said:
its a good idea to note that this is a trailing indicator and not indicative of future trend.

additionally it does not differentiate between 2nd and 3rd jobs in the tally. Thats why its so much higher than the broader household survey.

leading indicators show net job contraction in 2022.
Click to expand...

Which ones? Spell it out.
 
Don’t you people know a good economy is bad when Democrats control things


Just ask the party that has kept breaking the economy in American history
 
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