Poor Jobs Report .... Sadly for Democrats and the media, the U.S. economy is not going to cooperate with their political strategy.

GURPS

INGSOC
PREMO Member
According to the Bureau of Labor Statistics (BLS), the number of people employed in August increased by a very impressive 590,000, pushing total employment to a record-high of nearly 157.9 million. The percentage of the population that was employed rose to 60.9 percent, the highest percentage since December 2008.

As a result, despite over 570,000 people joining the labor force, the unemployment rate held at 3.7 percent, near a 50-year low. Unemployment among African Americans and Hispanics also hit all-time lows last month, proving that the ongoing economic boom is still creating unprecedented opportunity for all U.S. workers.

Average hourly earnings increased at a healthy clip as well, growing by 3.2 percent since last August. It was the 13th month in a row that wages increased by at least 3 percent year over year. That’s tremendous news for American workers. Prior to this streak, wages last increased at least 3 percent in April of 2009.

Wage increases were better for workers than managers. While the hourly wage increased 2 percent for managers, it increased an impressive 3.5 percent for workers. For workers earning the average hourly rate ($23.59) and working 40 hours per week, that meant a raise of nearly $1,650 for the year. And, that’s before the impact of reduced individual tax rates thanks to the Tax Cuts and Jobs Act, which saved the average U.S. worker approximately $1,400 in federal income taxes in 2018.


https://www.foxnews.com/opinion/andy-puzder-august-jobs-strong-economy
 

Gilligan

#*! boat!
PREMO Member
I'm sure that this news will be the final straw that makes Tranny leave us forever.
 
Reactions: BOP

The Boss

Member
According to the Bureau of Labor Statistics (BLS), the number of people employed in August increased by a very impressive 590,000, pushing total employment to a record-high of nearly 157.9 million. The percentage of the population that was employed rose to 60.9 percent, the highest percentage since December 2008.

As a result, despite over 570,000 people joining the labor force, the unemployment rate held at 3.7 percent, near a 50-year low. Unemployment among African Americans and Hispanics also hit all-time lows last month, proving that the ongoing economic boom is still creating unprecedented opportunity for all U.S. workers.

Average hourly earnings increased at a healthy clip as well, growing by 3.2 percent since last August. It was the 13th month in a row that wages increased by at least 3 percent year over year. That’s tremendous news for American workers. Prior to this streak, wages last increased at least 3 percent in April of 2009.

Wage increases were better for workers than managers. While the hourly wage increased 2 percent for managers, it increased an impressive 3.5 percent for workers. For workers earning the average hourly rate ($23.59) and working 40 hours per week, that meant a raise of nearly $1,650 for the year. And, that’s before the impact of reduced individual tax rates thanks to the Tax Cuts and Jobs Act, which saved the average U.S. worker approximately $1,400 in federal income taxes in 2018.


https://www.foxnews.com/opinion/andy-puzder-august-jobs-strong-economy
FAKE NEWS................
Your numbers are off, it was 130,000..................

https://www.bls.gov/news.release/pdf/empsit.pdf
 

transporter

Well-Known Member
As I stated this morning...you people are completely illiterate.

You all bitch and moan about "leftists" being led around by the nose. You constantly proclaim how informed you..but ALL you read are right wing biased news sources. What you morons can't seem to grasp is that this isn't political...this is factual.

So, here is a brief reply to comrade GURPS:

1. The Employment Report is released at 8:30 am on the first Friday of the month. I gave you chuckleheads all day to post the report. I posted the report (the actual report mind you, not some politically biased bullshit). It took comrade GURPS 2 1/2 half days to find a suitable politically biased bullshit article to post for consumption by the ignorati.

2. GURPS: There is a difference between the household and establishment surveys in the monthly employment report. Go learn the difference. (this point is also for The Boss and Ken King. You morons are arguing about the results of the different surveys.)

3. Yes the unemployment rate is low...it is low because of the low labor force participation rate. I can't even begin to fathom how many times I have posted that. Spinning data, like a 50 year low unemployment rate, is what one does when one doesn't understand the context. GURPS has no incentive to do so.

4. Wages are increasing...that is good. The clip at which they are increasing has been slowing.

5. Wages for working is increasing faster due in part to the increasing minimum wage in certain parts of the country. The lower end of the scale is moving up faster than the mid and higher ends of the scale.

6. I love the part about the tax cuts!! That is just precious. So, just to point out the stunningly obvious: a tax cut that was enacted in 2018 has zero, ZERO(!!!!), impact on 2019 wages or 2019 disposable income. The inference by Fox "News" that it does shows that either the reporter has no idea what they are talking about or Fox "News" is just trying to throw one past an audience that they know isn't very bright or likely to question anything they are told.

Now...here is a task for all of you who posted. Go read an actual economists' take on Friday's jobs report. Go read something that isn't just a piece of political spin. The August jobs report was weak. The number of jobs created was weak. The number of private jobs created was weak. The downward revisions to the two previous months indicates weakness. The 3 month rolling average of new jobs created is slowing. The annual pace of job creation is slowing.

And just to repeat, since you people can't comprehend English, the above isn't political. They are the facts of the report. They aren't cherry picked. The overall report was weak. The underlying data was weak.

You all can bury your heads in the sand and run around doing everything you can to rationalize your votes for a man who has no business being President. But the simple fact of the matter is that his policies are damaging the US economy. His promised rates of growth are not happening...not because Democrats are blocking him...because they were never possible in the first place. His promised job creation isn't happening. His promised return of US manufacturing isn't happening. The tax cuts did very little to juice the economy (much less than initially reported), but they did massively increase the deficit...the same deficit he promised to eliminate. (for those who don't understand English...this paragraph WAS political)
 

BOP

Well-Known Member
As I stated this morning...

You all can bury your heads in the sand and run around doing everything you can to rationalize your votes for a man who has no business being President. But the simple fact of the matter is that his policies are damaging the US economy. His promised rates of growth are not happening...not because Democrats are blocking him...because they were never possible in the first place. His promised job creation isn't happening. His promised return of US manufacturing isn't happening. The tax cuts did very little to juice the economy (much less than initially reported), but they did massively increase the deficit...the same deficit he promised to eliminate. (for those who don't understand English...this paragraph WAS political)
You know Obama is no longer officially President, don't you?
 

The Boss

Member
Can you read? The Op is talking about TOTAL EMPLOYED not NEW JOBS. See Summary Table A from your link, it holds the exact data he posted.
I was replying to this...............

" the number of people employed in August increased by a very impressive 590,000,


My link says 130,000
 

Ken King

A little rusty but not crusty
PREMO Member
and his number said added in August, which means the y were not working that before that,correct?
Yes, those 590K people the OP stated are now added to the total workforce bringing it up to 157.9M. Additionally and separately, there were 130K new jobs added to the available pool of jobs. These two figures (590K and 130K} are talking about two different subjects.
 
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