2019 May 3, 7:02am
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Key Points The U.S. added 263,000 new hires in April, easily beating Wall Street expectations of 190,000. The unemployment rate fell to 3.6% vs. 3.8% expected and the lowest since December 1969.The U.S. jobs machine kept humming along in April, adding a robust 263,000 new hires while the unemployment rate fell to 3.6%, the lowest in a generation, according to a Labor Department report Friday.Nonfarm payroll growth easily beat Wall Street expectations of 190,000 and a 3.8% jobless rate.Average hourly earnings growth held at 3.2% over the past year, a notch below Dow Jones estimates of 3.3%. The monthly gain was 0.2%, below the expected 0.3% increase, bringing the average to $27.77. The average work week also dropped 0.1 hours to 34.4 hours.Unemployment was last this low in December 1969 when it hit 3.5%. At a time when many economists see a tight labor market, big job growth continues as the economic expansion is just a few months away from being the longest in history.
Each of those yellow boxes are generational unemployment bottoms.
Gosh, I had gills and dragged myself on the bottom of a lakebed and sustained myself on single-celled organisms until Trump became president. This is exactly why Social Security needs to be handed over to someone in Kazakhstan Trump can trust.
What do these jobs pay?Do they include insurance?How many jobs are needed to keep up with pop.growth?"(PS: Work-week was down one tenth, which is much larger than 263,000 in the other direction -- of course nobody's going to talk about that....)""Heh, look at that. The annualized rate of change is down -- below add rate. Why? Because April is usually about twice this good on the household survey. And what else do we find in the data? Not in labor force was up a huge amount -- 882,000 -- this last month." Karl Denninger will beat one to death with the facts or at least rub the truth in one's face.https://market-ticker.org/akcs-www?post=235717 "April’s unadjusted U-6 was 6.9 percent. That’s 3.6 percentage points higher than the unadjusted unemployment rate."https://projects.fivethirtyeight...
Because the unemployment numbers while Obama was Prez didn’t account for the tens of millions of workers who had given up on finding a job and dropped off the lists.
Quigley saysFact Check-TrueAbsolutely, but lets contextualize it. The grey bars in your graph are recession bars. Obama took over in 2008 at the kick-off of the financial crisis. Spiking unemployment to record levels. The financial crisis costs the US roughly $12.8 Trillion. It takes time to recover. I'm not sure that this recovery can be attributed to Trump as much as it can be attributed to the slow regrowth of business. There is nothing in this data that suggests that either Obama or Trump had effect on the unemployment rater.
Does anyone even know a person without a job? Stay at home moms don’t count if that’s their thing and no plans to work. During the recession I knew plenty of people struggling to find work. Now I can’t name one.
2. What is more important, the US economy or Trump's personality?
Yes, education, health care and housing are as affordable or cheaper than 1969.Everyone needs to thank TRUMP! personally for inventing the economy and make it work correctly.
but lately with the sarcasm you are
Trump is actually just about the best US president ever.
Everyone needs to thank TRUMP! personally for inventing the economy and make it work correctly.
You would think that with the Awesome employment situation, we might get the annual deficit under 1 trillion.