Jobless Rate Hits 53-Year Low, unemployment rate fell to 3.4%

[Dafunkdoc_Unlimited]

Nah

The goal of higher interest rates is to make the banks less reluctant to loan money and do it while charging higher interest. This slows growth and demand

Slower demand leads to higher unemployment which triggers a recession

You can’t have a recession with low unemployment.

Full employment is measured at 4%. This number says there’s more jobs available than us citizens available to work them

Disingenuous questions meant to discredit the numbers is maga

So, basically, these numbers are nothing more than a smokescreen to hide the fact that we ARE in/heading towards a recession.....or am I completely missing the intent?​

 

[JT-Money]

Pretty lackluster jobs report because these sectors can't sustain job growth. Once the tech layoffs start actually being counted. These phony numbers will evaporate. And they still haven't solved sky high inflation. Shills are basically celebrating losing 6 figure tech jobs for low paying retail and construction jobs.

Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low

Nonfarm payrolls were expected to increase by 187,000 in January, according to Dow Jones estimates.

www.cnbc.com

Leisure and hospitality added 128,000 jobs to lead all sectors. Other significant gainers were professional and business services (82,000), government (74,000) and health care (58,000). Retail was up 30,000 and construction added 25,000.

 

[CrimsonTider]

So, basically, these numbers are nothing more than a smokescreen to hide the fact that we ARE in/heading towards a recession.....or am I completely missing the intent?​

You’re missing the intent. You need 8-10% unemployment to reach a recession. We are at 3.4%. There would have to be a seismic event go trigger a recession( pandemic, banks needing a bailout)

as long as unemployment is at this point the economy is growing

 

[CrimsonTider]

Pretty lackluster jobs report because these sectors can't sustain job growth. Once the tech layoffs start actually being counted. These phony numbers will evaporate. And they still haven't solved sky high inflation. Shills are basically celebrating losing 6 figure tech jobs for low paying retail and construction jobs.

Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low

Nonfarm payrolls were expected to increase by 187,000 in January, according to Dow Jones estimates.

www.cnbc.com

Leisure and hospitality added 128,000 jobs to lead all sectors. Other significant gainers were professional and business services (82,000), government (74,000) and health care (58,000). Retail was up 30,000 and construction added 25,000.

Wtf

 

[Cakebatter]

Well, the only way to "look good" is to deflate the numbers. No president wants high unemployment.

Actually, the breadlines were during lockdowns and due to the rules of the lockdowns unemployment was above 50%.

 

[Dafunkdoc_Unlimited]

You’re missing the intent. You need 8-10% unemployment to reach a recession. We are at 3.4%. There would have to be a seismic event go trigger a recession( pandemic, banks needing a bailout)

as long as unemployment is at this point the economy is growing

So, what is the point of this reporting?​

 

[CrimsonTider]

So, what is the point of this reporting?​

It’s reported every month

 

[Dafunkdoc_Unlimited]

It’s reported every month

Then why is this thread this long if it's just routine??​

 

[CrimsonTider]

Then why is this thread this long if it's just routine??​

TLR = MAGA

They thought unemployment would rise and it would be bad news for Biden just like fox

TikTok - Make Your Day

www.tiktok.com

 

[OfTheCross]

Pretty lackluster jobs report because these sectors can't sustain job growth. Once the tech layoffs start actually being counted. These phony numbers will evaporate. And they still haven't solved sky high inflation. Shills are basically celebrating losing 6 figure tech jobs for low paying retail and construction jobs.

Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low

Nonfarm payrolls were expected to increase by 187,000 in January, according to Dow Jones estimates.

www.cnbc.com

Leisure and hospitality added 128,000 jobs to lead all sectors. Other significant gainers were professional and business services (82,000), government (74,000) and health care (58,000). Retail was up 30,000 and construction added 25,000.

The tech layoffs won't hit the books because those ppl find jobs right away typically.

The growth industries make perfect sense because Leisure/Hospitality is still not recovered from the pandemic by a year or 2

 

[Dafunkdoc_Unlimited]

TLR = MAGA

They thought unemployment would rise and it would be bad news for Biden just like fox

TikTok - Make Your Day

www.tiktok.com

I HATE politics.​

 

[OfTheCross]

Then why is this thread this long if it's just routine??​

A 53-year low seems worth mentioning

 

[987654321]

You’re missing the intent. You need 8-10% unemployment to reach a recession. We are at 3.4%. There would have to be a seismic event go trigger a recession( pandemic, banks needing a bailout)

as long as unemployment is at this point the economy is growing

Now you’ve jinxed us

 

[Dafunkdoc_Unlimited]

A 53-year low seems worth mentioning

The reason why it was mentioned is for some BULLSHYT political agenda.​

 

[Absolut]

Nah

The goal of higher interest rates is to make the banks less reluctant to loan money and do it while charging higher interest. This slows growth and demand

Slower demand leads to higher unemployment which triggers a recession

You can’t have a recession with low unemployment.

Full employment is measured at 4%. This number says there’s more jobs available than us citizens available to work them

Disingenuous questions meant to discredit the numbers is maga

what a fukking clown. Can’t even say what comprises actual data anymore without morons thinking there’s hidden agendas