Bad jobs report. (Thanks, Trump.)

[RoryN]

Breaking...

 

[RoryN]

Economy added just 75,000 jobs in May, amid ongoing trade tensions and global economic slowdown
Friday's labor report is likely to cement market expectations that the Fed is preparing to cut interest rates later this month.

https://www.nbcnews.com/business/ec...t-75-000-jobs-may-amid-ongoing-trade-n1014956

 

[BotanyBoy]

Well they can't keep going up forever

 

[RoryN]

Good economic news: Trump did it!

Bad economic news: It's not his fault!

Enjoy the clowns.

 

[icanhelp1]

Good economic news: Trump did it!

Bad economic news: It's not his fault!

Enjoy the clowns.

Maybe you could explain to me why 75,000 jobs is a bad thing?

 

[doowdniw]

Maybe you could explain to me why 75,000 jobs is a bad thing?

When you have been clipping along at north of 200, and you reduce the job growth rate by more than 50% from the preceding month, that may be an indication that things may be starting to cool off. So, 75,000 new jobs in and of themselves are not a "bad thing", but the sudden steep decline from previous growth rates may an indicator of future "bad things".

Did that help?

 

[Rightguide]

Breaking...

Cuz we're closing in on full employment for those who want a job, absent attrition.

 

[icanhelp1]

When you have been clipping along at north of 200, and you reduce the job growth rate by more than 50% from the preceding month, that may be an indication that things may be starting to cool off. So, 75,000 new jobs in and of themselves are not a "bad thing", but the sudden steep decline from previous growth rates may an indicator of future "bad things".

Did that help?

I agree with you.

Labor participation is pretty close to full employment. Job openings that are not being filled are due to to lack of a trained workforce which has been reported as a big part of the equation. There are millions of jobs out there. I think GDP growth of 2% + is projected out to 2020. Technical skills are lacking in many industries. I was being facetious, a little fluctuation in the markets or the economy and the TDS'ERS jump on the chance to ridicule and criticize.

 

[bbx56]

Good economic news: Trump did it!

Bad economic news: It's not his fault!

Enjoy the clowns.

Since NIGGER takes credit for the GREAT ECONOMY

I BLAME THE NIGGER

 

[RoryN]

Cuz we're closing in on full employment for those who want a job

bwhuahahahaha!

 

[BotanyBoy]

Maybe you could explain to me why 75,000 jobs is a bad thing?

He can't....Rory has a problem with posting before thinking.

 

[Boxlicker101]

Obama inherited a bad economy thanks, largely to inaction in the Dem. controlled Congress. It was improving during the final final months of W's admin and this continued, slowly, through the Obama years and improved more rapidly under Trump. Unemployment will never reach 0%, but it's about as close to that now as it has ever been during peacetime. There are always people graduating from college or high school, being discharged from the military or seeking new jobs for other reasons.

 

[Luk]

Actually, I just heard that there is an offset and there was zero-net gain.

 

[Boxlicker101]

Actually, I just heard that there is an offset and there was zero-net gain.

The unemployment rate stayed at 3.6%. but that's a rounded-off figure.

 

[Luk]

The unemployment rate stayed at 3.6%. but that's a rounded-off figure.

Apples and hand grenades.

 

[Dribble]

Americans should be grateful for all those $10/hr jobs. If they didnt take them, the Mexican invasion would

 

[Luk]

And wages are static.

 

[RoryN]

Deplorables don't seem to have many answers for this one.

 

[spacekowboy]

Deplorables don't seem to have many answers for this one.

Yes they do.


Obama and Hillary's emails and brown people.

 

[bbx56]

Poor Knee Grow Rory, after being 100% wrong on the Stock Market and everything else

Now picks on yet another topic to be WRONG on

 

[OldJourno]

There are still one million job openings. It would appear there is full employment.

 

[OldJourno]

There are still one million job openings. It would appear there is full employment.

Thanks Trump.

 

[cowslinger64]

Obama inherited a bad economy thanks, largely to inaction in the Dem. controlled Congress. It was improving during the final final months of W's admin and this continued, slowly, through the Obama years and improved more rapidly under Trump. Unemployment will never reach 0%, but it's about as close to that now as it has ever been during peacetime. There are always people graduating from college or high school, being discharged from the military or seeking new jobs for other reasons.

LMAO...

Obama inherited a plummeting economy and the worst recession in decades from his predecessor, George W. Bush.

In 2009, the first year of Obama’s presidency, unemployment hit 9.9 percent, its highest level since the Great Depression. But starting in 2010, the unemployment rate fell for eight straight years, namely the eight years when the economy was essentially under Obama policy. By 2016, Obama’s last year in office, unemployment measured 4.7 percent (down from 9.9 percent.) In 2017, the first year of Trump’s term (but before many of his policies were implemented) it fell to 4.1 percent.

In 2018, with the Trump tax cuts and other magical elements of Trumpism on the books, it fell again to 3.9 percent. So, depending on how you count those swing years, unemployment fell by a 5.8 percentage points under Obama policy over eight years and 0.2 percentage points under Trump’s policies through the end of 2018.


https://www.minnpost.com/eric-black-ink/2019/05/on-the-economy-obama-owns-trump/

 

[someoneyouknow]

The predicted job growth was 185,000. The 75,000 actual was only 40% of the prediction.

https://ei.marketwatch.com/Multimedia/2019/06/07/Photos/NS/MW-HK984_jobs_r_20190607085801_NS.jpg?uuid=e1ba0cc4-8923-11e9-b531-9c8e992d421e

Employment for March and April were also reduced by an additional 75,000.

The breadth of hiring is also falling:

https://ei.marketwatch.com/Multimedia/2019/06/07/Photos/MG/MW-HL018_diffus_20190607110427_MG.png?uuid=8b2a36c4-8935-11e9-b711-9c8e992d421e

Construction job growth dropped from 30,000 to 4,000. Transportation and warehousing—think Amazon AMZN, -0.05% among others — went from 6,700 to minus 200. Temporary help nearly was halved, falling to 5,100 from 9,900.​

As a direct result of the largest wealth transfer in this country's history failing to do what the con artist claimed it would do, and the ongoing tariff wars, the Fed is now considering to cut interest rates to desperately keep the boat afloat. That's why the market went up on this horrible news. That's how bad things are getting.

https://www.marketwatch.com/story/us-creates-just-75000-jobs-in-may-and-wage-growth-slows-in-warning-sign-for-economy-2019-06-07?mod=mw_latestnews

https://www.marketwatch.com/story/another-bad-sign-in-jobs-reportbreadth-of-companies-hiring-at-two-year-low-2019-06-07?mod=mw_theo_homepage

 

[BotanyBoy]

What goes up must come down.....are YOU ready to profit off of it??

If not you should get your shit together so you don't get caught in the riptide.