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BREAKING: Jobs Report Shows U.S. Economy Roaring Back; 4.8 Million Jobs Created In June, Unemploymen

InTheLight

InTheLight

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Only 63% of businesses and only 65% of households responded to the monthly survey, meaning the unemployment rate numbers are likely unreliable.

Also, while 4.8 million jobs were created, 1.4 million people filed for unemployment benefits LAST WEEK.

As some larger populated states are reclosing parts of their economies in the past week, expect the July report to less than stellar. If July comes in strong THEN we are in full recovery mode.
 
Earth Wind and Fire

Earth Wind and Fire

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InTheLight said:
Only 63% of businesses and only 65% of households responded to the monthly survey, meaning the unemployment rate numbers are likely unreliable.

Also, while 4.8 million jobs were created, 1.4 million people filed for unemployment benefits LAST WEEK.

As some larger populated states are reclosing parts of their economies in the past week, expect the July report to less than stellar. If July comes in strong THEN we are in full recovery mode.
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Jeeze, I can’t wait :Wink
 
Earth Wind and Fire

Earth Wind and Fire

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My sons wife was just laid off due to lack of business and my sons car dealership is sucking wind so he isn’t working... all due to Corona Virus in Florida. We have to send him money so they can eat. So much winning! Roaring back
 
InTheLight

InTheLight

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Wingman68 said:
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Wingman, you don't have a clue, do you? Here is a thread I started and kept contributing to about Trump's economy. I hardly think I was "raining" on the parade.

Economic Expansion Just Getting Started

The fact is, the economy may or may not be roaring back right now. Let's give it another month or two before we proclaim it's roaring. Some of you sound like Democrats in 2011 claiming Obama had got the economy rolling again when in reality it was sluggishly barely showing signs of life.

Sent from my Nexus 7 using Tapatalk
 
Wingman68

Wingman68

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InTheLight said:
Wingman, you don't have a clue, do you? Here is a thread I started and kept contributing to about Trump's economy. I hardly think I was "raining" on the parade.

Economic Expansion Just Getting Started

The fact is, the economy may or may not be roaring back right now. Let's give it another month or two before we proclaim it's roaring. Some of you sound like Democrats in 2011 claiming Obama had got the economy rolling again when in reality it was sluggishly barely showing signs of life.

Sent from my Nexus 7 using Tapatalk
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Here is the truth of the matter, I do have a clue. For some reason I thought of you when I saw this meme. Except for Babylon Bee, smiles are hard to come by, & I popped it on you. It was undeserved in this case, I apologize. But it was kind of funny, not?
 
InTheLight

InTheLight

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InTheLight said:
Only 63% of businesses and only 65% of households responded to the monthly survey, meaning the unemployment rate numbers are likely unreliable.

Also, while 4.8 million jobs were created, 1.4 million people filed for unemployment benefits LAST WEEK.

As some larger populated states are reclosing parts of their economies in the past week, expect the July report to less than stellar. If July comes in strong THEN we are in full recovery mode.
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Well, the July report came in and it is not strong. There were "only" 1.8 million jobs created in July. Compare this to the 4.8 million created in June and the 2.7 million created in May.

Manufacturing added just 26,000 jobs, less than one-tenth its June gain. Restaurants, bars, hotels and entertainment venues gained 592,000, just one-quarter of their June increase. Retailers added 258,000 jobs, down from more than 800,000 in June.

We are not "roaring back". We are not in recovery mode just yet.
 
777

777

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I think that is a negative spin on it - the jobs created were higher than expected, the unemployment rate dropped even after many state governors (Inslee, for example) shut businesses down again. The July jobs report was good news.

But you're right that we're not "roaring back", there are still down almost thirteen million jobs and the unemployment rate is over ten percent.
 
InTheLight

InTheLight

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U.S. Weekly Jobless Claims Jump Back Above 1 million

The number of people filing for unemployment benefits last week was greater than expected, raising concern about the state of the economy as lawmakers struggle to move forward on a new pandemic stimulus package.

The Labor Department said Thursday that initial jobless claims for the week ended Aug. 15 came in at 1.106 million. Economists polled by Dow Jones expected a total of 923,000. Initial claims for the previous week were also revised higher by 8,000 to 971,000. Last week marked the first time in 21 weeks that initial claims came in below 1 million.

U.S. weekly jobless claims jump back above 1 million


Kitten Roaring.gif
 
Wingman68

Wingman68

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InTheLight said:
U.S. Weekly Jobless Claims Jump Back Above 1 million

The number of people filing for unemployment benefits last week was greater than expected, raising concern about the state of the economy as lawmakers struggle to move forward on a new pandemic stimulus package.

The Labor Department said Thursday that initial jobless claims for the week ended Aug. 15 came in at 1.106 million. Economists polled by Dow Jones expected a total of 923,000. Initial claims for the previous week were also revised higher by 8,000 to 971,000. Last week marked the first time in 21 weeks that initial claims came in below 1 million.

U.S. weekly jobless claims jump back above 1 million


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Oh, relax, it has nothing to do with all of our cities getting burned, looted, & shuttered, it’s obviously another problem to lay at Trump’s feet. The left is not responsible for anything, least of all the recovery that they don’t want.
 
InTheLight

InTheLight

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Wingman68 said:
Oh, relax, it has nothing to do with all of our cities getting burned, looted, & shuttered, it’s obviously another problem to lay at Trump’s feet. The left is not responsible for anything, least of all the recovery that they don’t want.
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I'm not laying anything at Trump's feet. I said nothing about the left.

I'm not the one that started this thread about the economy "roaring" back to life. I'm merely providing actual meaningful follow-up data to prove or disprove the assertion.

If you want to read about how I think Trump is handling the economy there is a multi-page post that I started, here:

Economic Expansion Just Getting Started
 
canadyjd

canadyjd

Well-Known Member
Does anyone remember the predictions from the “experts” just a couple of months ago that the unemployment rate would reach 20-25%? Now it’s about 10%.

The economy under the P:TUS is so strong that it has survived the pandemic.

The stable genius strikes again!

peace to you
 
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