One of the worst jobs reports in US history

[jimnyc]

He royally fucks up Afghanistan and is in the process of fucking up our economy. Way way off.

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Biden’s Economy Created Just 235,000 Jobs in August

The U.S. economy added 235,000 jobs in August and the unemployment rate dipped to 5.2 percent, the Labor Department said in its monthly labor assessment Friday.

The median Econoday forecast of analysts was for 740,000 jobs and an unemployment rate of 5.2 percent, according to Econoday. The private payrolls report from payroll processor ADP on Wednesday, however, pointed to a much weaker number, with ADP estimating just 374,000 jobs, missing estimates for 500,000.

The August figures follow the upwardly revised 1.1 million jobs for July (revised from the preliminary report of 943,000), which was the second straight month above consensus, and an unemployment rate of 5.4 percent, which was also better than consensus. The economy added 962,000 in June (revised up from last month’s estimate of 938,000 and the preliminary estimate of 850,000) and 614,000 in May.

One note of caution: the estimate of jobs is based on data from a mid-month work week that occurred when the level of new infections was considerably lower than it is now. That could mean that the survey results, although extremely disappointing, actually overestimated the number of jobs created by not accounting for a slowdown in the second half of the month.

Rest - https://www.breitbart.com/economy/2021/09/03/the-u-s-created-235000-jobs-in-august/?utm_source=breaking_news&utm_medium=banner

[jimnyc]

‘This is Terrible News’: CNBC Anchors Shocked By Dismal Jobs Report

Analysts on CNBC’s Squawk Box assessed September’s abysmal jobs report on Friday, calling the net gain of 235,000 jobs — a third of the anticipated 720,000 — “terrible news” for the economy.

“The market not selling off a ton of this, but this is terrible news for what it means for the real economy,” host Becky Quick noted.

“You can drive a truck of about half a million workers through that gap,” Steve Liesman replied. He said education had represented a “big miss” for forecasters who expected a “huge influx of workers.”

Private education gained 40,000 jobs for the month, but state and local education lost 27,000 jobs. Retail lost another 29,000. Transportation and warehousing added 53,000 jobs, while manufacturing added 37,000. Labor force participation stood at 61.7 percent, nearly two points lower than in February 2020, a month before pandemic-related shutdowns, when it was 63.3 percent.

Rest - https://www.mediaite.com/news/this-is-terrible-news-cnbc-breaks-down-dismal-jobs-report/

[Black Diamond]

He will continue to unravel and it will become less and less fashionable to blame trump.

[JakeStarkey]

Stop the histrionics, my buckos, and the associated BDS nonsense. :)



Trump economic record: Worst jobs numbers leaving office ... (https://fortune.com/2021/01/11/us-economy-jobs-numbers-trump-compared-past-presidents-worst-record-since-hoover/)fortune.com › 2021/01/11 › us-economy-jobs-numbers

Jan 12, 2021 · When Trump took office in Jan. 2017, U.S. employment was at 145.6 million. On Friday, the U.S. Bureau of Labor Statistics released its final jobs report before the Jan. 20 inauguration of...


In a two-month period, February to April 2020, the unemployment rate soared to an 80-year high (https://fortune.com/2020/05/08/record-u-s-unemployment-rate-worst-since-1940/) and the number of employed Americans fell from 152.5 million to 130.3 million (https://fred.stlouisfed.org/series/PAYEMS). Those 22.2 million job losses set U.S. employment back to 1999 levels.
Since, the economy has moved from contraction to expansion (https://fortune.com/2020/06/03/is-the-recession-over-us-economy-predictions-2020-coronavirus-stock-market-unemployment/?fbclid=IwAR2vpNhUJ8Gyb16IZStK1iSi0t_b-z9YtKNhT-60Ei_Vgxbg1VTuxVxNk7s) and seen 12.3 million jobs return. However, it hasn't been enough to offset the job losses that occurred during the pandemic.
That means that Trump will become the first post–World War II president to see employment fall during his presidency. It last occurred when Herbert Hoover left office in 1933 amid the early years of the Great Depression.



When Trump took office in Jan. 2017, U.S. employment was at 145.6 million. On Friday, the U.S. Bureau of Labor Statistics released its final jobs report before the Jan. 20 inauguration of President-elect Joe Biden. It shows in December there were 142.6 million employed Americans, down 3 million from Trump's own inauguration.

[jimnyc]

Sure thing there, Stinky ^^ https://i.imgur.com/Nehziqst.jpg

[Juicer66]

Stop the histrionics, my buckos, and the associated BDS nonsense. :)



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When Trump took office in Jan. 2017, U.S. employment was at 145.6 million. On Friday, the U.S. Bureau of Labor Statistics released its final jobs report before the Jan. 20 inauguration of President-elect Joe Biden. It shows in December there were 142.6 million employed Americans, down 3 million from Trump's own inauguration.



Let's see if we can help you Jane .


When The Donald came to power you think that the unemployment figure reflected his first three minutes in power .

You are a fool , Jane .

As I have said elsewhere , you are probably the worst attempt at a Troll I have come across .

[JakeStarkey]

The numbers don't lie as yours do in the OP. The histrionics of your dazed guy is funny.

That's all you BDS guys can do.

[LongTermGuy]

The numbers don't lie as yours do in the OP. The histrionics of your dazed guy is funny.

That's all you BDS guys can do.



"Shut up tired of your whining....
......so"


.https://pbs.twimg.com/media/E-eFC4xVgAI3BNp?format=jpg&name=large

[JakeStarkey]

Sure thing there, Stinky ^^ https://i.imgur.com/Nehziqst.jpg
You got blown out of the water, matey.

[jimnyc]

You got blown out of the water, matey.

If you think so, Pigpen.

[JakeStarkey]

If you think so, Pigpen.
The stats say so, matey.