August jobs report - pretty static

[McRocket]

Sorry folks...this was a LOUSY jobs report (except for wages, which were very good).

One - the 201,000 'new jobs' number? a) that is modified by the Birth/Death model. This is a model that the bls works out on it's own and just (arbitrarily, IMO) adds or subtracts from the base number strictly based on a mathematical model (which is nuts for employment - and I said this under Obama). This month, they added 104,000 jobs strictly from a model - not based on facts (not seasonally adjusted).

CES Net Birth/Death Model

This makes the Establishment Survey FAR less than reliable.


Two - the Household Survey (which the unemployment rate is based on). This showed that 423,000 LESS people were employed in August. 423,000!!! Yet the MSM does not even mention it. They will talk about the U-3...but than completely ignore the survey that it is based on...macroeconomic ignoramuses. And, btw, almost all of those employment losses were to full time (444,000 lost).
That's the seasonally adjusted number - the unadjusted number shows over 1.4 million less people employed in August over July.

Employment Situation Summary Table A. Household data, seasonally adjusted
Table A-9. Selected employment indicators

The only reason the U-3 did not rise was because a whopping 469,000 people left the labor force. Thus, the LFPR (labor force participation rate) dropped from 62.9% to 62.7%. It is now lower than when Trump took office.

Bureau of Labor Statistics Data

(no doubt, most Americans neither understand nor care what that means)


Three - the employment to population ratio - which is a (IMO) far, FAR better measure of employment than the joke U-3 (that even Trump rightly calls a 'hoax') dropped last month.

Bureau of Labor Statistics Data

It is higher than it was when Trump took office (higher is good). But it has stalled and is now lower then it was last September.
In other words, the employment situation is not improving.
And before some use that silly excuse that America is at 'full employment'...guess again.

The ratio is NO WHERE NEAR where it was before the Great Recession. America is MILES from having full employment. What it has is tens of millions of people who have given up looking for work.
And those people do not count in the unemployment rate.


Four - finally, on Trump's tariffs? That were going to bring manufacturing back to America?
Manufacturing jobs DROPPED in August (by 3,000). Not much - but it completely flies in the face of the crap that Trumpbots are spewing that the tariffs are working and manufacturing jobs are 'coming home'. They were not in August...they were leaving.

Employment Situation Summary Table B. Establishment data, seasonally adjusted


Overall...the headline numbers - which mean little - were decent. And wage growth - which IS important - was very good.
But overall, hundreds of thousands of people lost their jobs in August, the employment to population ratio went down and manufacturing lost ground.

To me - it was a bad month. Take away the very, good wage growth and it was terrible.


Geez people...ALWAYS LOOK PAST THE HEADLINES. NEVER blindly believe the MSM.

Did I miss a meeting or something?

During the Obama years, anything above 200,000 was considered, "strong numbers". Now its "lousy".

Hmmmm.......

I thought job growth under Obama was lousy as well. And it is still lousy today.

 

[Aba Incieni]

Oooh. Semantics.

Fair enough.

BTW, you do realize that Trump (rightly) called the UR a 'hoax' right?

Donald Trump Calls Unemployment Rate One of the "Biggest Hoaxes in Politics"

The hoax is the lowest it's been in 49 years.

Blacks, browns, and women are benefiting the most. You know, those minorities the Dems care so much about.

No...it is not.

It was lower in April of 2000.

Bureau of Labor Statistics Data

Where the heck are you getting your stats from?

It's all over the news. You woke?

U.S. weekly jobless claims drop to near 49-year low
US wages growing at fastest rate in 9 years as unemployment stays at 3.9% - News - telegram.com - Worcester, MA
Unemployment claims fall to 49-year low under Trump
U.S. unemployment claims fall to 222,000, lowest in 44 years

Jeez...NONE of those headlines even say what you claimed. Your reading comprehension (on this at least) is for shit).

You are hopeless at this and a complete waste of time.

We are done here...good day.

Fine by me. The economy is booming. Minorities know it. Majorities know it. Republicans know it. Democrats know it, that's why they talk about incompetence.

We need more incompetence.

 

[Roudy]

Sorry folks...this was a LOUSY jobs report (except for wages, which were very good).

One - the 201,000 'new jobs' number? a) that is modified by the Birth/Death model. This is a model that the bls works out on it's own and just (arbitrarily, IMO) adds or subtracts from the base number strictly based on a mathematical model (which is nuts for employment - and I said this under Obama). This month, they added 104,000 jobs strictly from a model - not based on facts (not seasonally adjusted).

CES Net Birth/Death Model

This makes the Establishment Survey FAR less than reliable.


Two - the Household Survey (which the unemployment rate is based on). This showed that 423,000 LESS people were employed in August. 423,000!!! Yet the MSM does not even mention it. They will talk about the U-3...but than completely ignore the survey that it is based on...macroeconomic ignoramuses. And, btw, almost all of those employment losses were to full time (444,000 lost).
That's the seasonally adjusted number - the unadjusted number shows over 1.4 million less people employed in August over July.

Employment Situation Summary Table A. Household data, seasonally adjusted
Table A-9. Selected employment indicators

The only reason the U-3 did not rise was because a whopping 469,000 people left the labor force. Thus, the LFPR (labor force participation rate) dropped from 62.9% to 62.7%. It is now lower than when Trump took office.

Bureau of Labor Statistics Data

(no doubt, most Americans neither understand nor care what that means)


Three - the employment to population ratio - which is a (IMO) far, FAR better measure of employment than the joke U-3 (that even Trump rightly calls a 'hoax') dropped last month.

Bureau of Labor Statistics Data

It is higher than it was when Trump took office (higher is good). But it has stalled and is now lower then it was last September.
In other words, the employment situation is not improving.
And before some use that silly excuse that America is at 'full employment'...guess again.

The ratio is NO WHERE NEAR where it was before the Great Recession. America is MILES from having full employment. What it has is tens of millions of people who have given up looking for work.
And those people do not count in the unemployment rate.


Four - finally, on Trump's tariffs? That were going to bring manufacturing back to America?
Manufacturing jobs DROPPED in August (by 3,000). Not much - but it completely flies in the face of the crap that Trumpbots are spewing that the tariffs are working and manufacturing jobs are 'coming home'. They were not in August...they were leaving.

Employment Situation Summary Table B. Establishment data, seasonally adjusted


Overall...the headline numbers - which mean little - were decent. And wage growth - which IS important - was very good.
But overall, hundreds of thousands of people lost their jobs in August, the employment to population ratio went down and manufacturing lost ground.

To me - it was a bad month. Take away the very, good wage growth and it was terrible.


Geez people...ALWAYS LOOK PAST THE HEADLINES. NEVER blindly believe the MSM.

All those links and you still failed to tell the basic truth:

U.S. Employment Jumps More Than Expected, Wage Growth Accelerates
September 07, 2018, 09:13:00

https://www.nasdaq.com/article/us-e...pected-wage-growth-accelerates-20180907-00362

annual rate of average hourly employee earnings growth subsequently accelerated to 2.9 percent in August from 2.7 percent in July. Wage growth had been expected to remain unchanged.

"This report is strong throughout and with the economy likely to grow more than 3% again in 3Q18 it will keep the Fed hiking interest rates with another move in September with a further increase in December," said James Knightley, Chief International Economist at ING.

And EXACTLY which stat that I posted was not true?

True or False - 423,000 jobs were lost in the Household Survey number (which the U-3 is based on)?

You're a leftist hack that is having trouble admitting that this so called "unfit" president is doing a great job both domestically and internationally.

 

[McRocket]

Sorry folks...this was a LOUSY jobs report (except for wages, which were very good).

One - the 201,000 'new jobs' number? a) that is modified by the Birth/Death model. This is a model that the bls works out on it's own and just (arbitrarily, IMO) adds or subtracts from the base number strictly based on a mathematical model (which is nuts for employment - and I said this under Obama). This month, they added 104,000 jobs strictly from a model - not based on facts (not seasonally adjusted).

CES Net Birth/Death Model

This makes the Establishment Survey FAR less than reliable.


Two - the Household Survey (which the unemployment rate is based on). This showed that 423,000 LESS people were employed in August. 423,000!!! Yet the MSM does not even mention it. They will talk about the U-3...but than completely ignore the survey that it is based on...macroeconomic ignoramuses. And, btw, almost all of those employment losses were to full time (444,000 lost).
That's the seasonally adjusted number - the unadjusted number shows over 1.4 million less people employed in August over July.

Employment Situation Summary Table A. Household data, seasonally adjusted
Table A-9. Selected employment indicators

The only reason the U-3 did not rise was because a whopping 469,000 people left the labor force. Thus, the LFPR (labor force participation rate) dropped from 62.9% to 62.7%. It is now lower than when Trump took office.

Bureau of Labor Statistics Data

(no doubt, most Americans neither understand nor care what that means)


Three - the employment to population ratio - which is a (IMO) far, FAR better measure of employment than the joke U-3 (that even Trump rightly calls a 'hoax') dropped last month.

Bureau of Labor Statistics Data

It is higher than it was when Trump took office (higher is good). But it has stalled and is now lower then it was last September.
In other words, the employment situation is not improving.
And before some use that silly excuse that America is at 'full employment'...guess again.

The ratio is NO WHERE NEAR where it was before the Great Recession. America is MILES from having full employment. What it has is tens of millions of people who have given up looking for work.
And those people do not count in the unemployment rate.


Four - finally, on Trump's tariffs? That were going to bring manufacturing back to America?
Manufacturing jobs DROPPED in August (by 3,000). Not much - but it completely flies in the face of the crap that Trumpbots are spewing that the tariffs are working and manufacturing jobs are 'coming home'. They were not in August...they were leaving.

Employment Situation Summary Table B. Establishment data, seasonally adjusted


Overall...the headline numbers - which mean little - were decent. And wage growth - which IS important - was very good.
But overall, hundreds of thousands of people lost their jobs in August, the employment to population ratio went down and manufacturing lost ground.

To me - it was a bad month. Take away the very, good wage growth and it was terrible.


Geez people...ALWAYS LOOK PAST THE HEADLINES. NEVER blindly believe the MSM.

All those links and you still failed to tell the basic truth:

U.S. Employment Jumps More Than Expected, Wage Growth Accelerates
September 07, 2018, 09:13:00

https://www.nasdaq.com/article/us-e...pected-wage-growth-accelerates-20180907-00362

annual rate of average hourly employee earnings growth subsequently accelerated to 2.9 percent in August from 2.7 percent in July. Wage growth had been expected to remain unchanged.

"This report is strong throughout and with the economy likely to grow more than 3% again in 3Q18 it will keep the Fed hiking interest rates with another move in September with a further increase in December," said James Knightley, Chief International Economist at ING.

And EXACTLY which stat that I posted was not true?

True or False - 423,000 jobs were lost in the Household Survey number (which the U-3 is based on)?

You're a leftist hack that is having trouble admitting that this so called "unfit" president is doing a great job both domestically and internationally.

Again... you ducked both my questions.

I will ask the INCREDIBLY EASY one again.

True or False - 423,000 jobs were lost in the Household Survey number in August (which the U-3 is based on)?

Employment Situation Summary Table A. Household data, seasonally adjusted


Watch folks...like most weak people who cannot face the truth...he will probably refuse to answer this question over and over again. He (apparently) simply cannot handle the bad news that his messiah might not be so great after all.

 

[LoneLaugher]

BLS Jobs Created Jan-Aug


2016---- 1,873,000


2017---- 1,512,000


2018---- 1,654,000


All positive growth. Let's celebrate!

 

[skookerasbil]

Sorry folks...this was a LOUSY jobs report (except for wages, which were very good).

One - the 201,000 'new jobs' number? a) that is modified by the Birth/Death model. This is a model that the bls works out on it's own and just (arbitrarily, IMO) adds or subtracts from the base number strictly based on a mathematical model (which is nuts for employment - and I said this under Obama). This month, they added 104,000 jobs strictly from a model - not based on facts (not seasonally adjusted).

CES Net Birth/Death Model

This makes the Establishment Survey FAR less than reliable.


Two - the Household Survey (which the unemployment rate is based on). This showed that 423,000 LESS people were employed in August. 423,000!!! Yet the MSM does not even mention it. They will talk about the U-3...but than completely ignore the survey that it is based on...macroeconomic ignoramuses. And, btw, almost all of those employment losses were to full time (444,000 lost).
That's the seasonally adjusted number - the unadjusted number shows over 1.4 million less people employed in August over July.

Employment Situation Summary Table A. Household data, seasonally adjusted
Table A-9. Selected employment indicators

The only reason the U-3 did not rise was because a whopping 469,000 people left the labor force. Thus, the LFPR (labor force participation rate) dropped from 62.9% to 62.7%. It is now lower than when Trump took office.

Bureau of Labor Statistics Data

(no doubt, most Americans neither understand nor care what that means)


Three - the employment to population ratio - which is a (IMO) far, FAR better measure of employment than the joke U-3 (that even Trump rightly calls a 'hoax') dropped last month.

Bureau of Labor Statistics Data

It is higher than it was when Trump took office (higher is good). But it has stalled and is now lower then it was last September.
In other words, the employment situation is not improving.
And before some use that silly excuse that America is at 'full employment'...guess again.

The ratio is NO WHERE NEAR where it was before the Great Recession. America is MILES from having full employment. What it has is tens of millions of people who have given up looking for work.
And those people do not count in the unemployment rate.


Four - finally, on Trump's tariffs? That were going to bring manufacturing back to America?
Manufacturing jobs DROPPED in August (by 3,000). Not much - but it completely flies in the face of the crap that Trumpbots are spewing that the tariffs are working and manufacturing jobs are 'coming home'. They were not in August...they were leaving.

Employment Situation Summary Table B. Establishment data, seasonally adjusted


Overall...the headline numbers - which mean little - were decent. And wage growth - which IS important - was very good.
But overall, hundreds of thousands of people lost their jobs in August, the employment to population ratio went down and manufacturing lost ground.

To me - it was a bad month. Take away the very, good wage growth and it was terrible.


Geez people...ALWAYS LOOK PAST THE HEADLINES. NEVER blindly believe the MSM.

Did I miss a meeting or something?

During the Obama years, anything above 200,000 was considered, "strong numbers". Now its "lousy".

Hmmmm.......

I thought job growth under Obama was lousy as well. And it is still lousy today.

Nah....you're forgetting. It was big news when jobs jumped over 200,000 in the Obama era.

Going back some years, economists always pointed to 250,000 as the floor for job growth. Anything less, job growth numbers ( %) dropped. It magically changed after 2010.....who the fuck knows anymore??!

 

[edthecynic]

Lowest UER in 49 years.

BULLSHIT!

 

[Aba Incieni]

Lowest UER in 49 years.

BULLSHIT!

Not my call.

Unemployment claims fall to 49-year low
Unemployment rate matches lowest point in half a century

 

[skookerasbil]

BLS Jobs Created Jan-Aug


2016---- 1,873,000


2017---- 1,512,000


2018---- 1,654,000


All positive growth. Let's celebrate!

Lol....ghey

Majority of Americans approve of Trump's handling of the economy for the first time: CNBC survey

Only thing that matters s0n....oh....and thats an NBC poll so hardly accurate!!!

@www.whosnotwinning.com

 

[edthecynic]

Sorry folks...this was a LOUSY jobs report (except for wages, which were very good).

One - the 201,000 'new jobs' number? a) that is modified by the Birth/Death model. This is a model that the bls works out on it's own and just (arbitrarily, IMO) adds or subtracts from the base number strictly based on a mathematical model (which is nuts for employment - and I said this under Obama). This month, they added 104,000 jobs strictly from a model - not based on facts (not seasonally adjusted).

CES Net Birth/Death Model

This makes the Establishment Survey FAR less than reliable.


Two - the Household Survey (which the unemployment rate is based on). This showed that 423,000 LESS people were employed in August. 423,000!!! Yet the MSM does not even mention it. They will talk about the U-3...but than completely ignore the survey that it is based on...macroeconomic ignoramuses. And, btw, almost all of those employment losses were to full time (444,000 lost).
That's the seasonally adjusted number - the unadjusted number shows over 1.4 million less people employed in August over July.

Employment Situation Summary Table A. Household data, seasonally adjusted
Table A-9. Selected employment indicators

The only reason the U-3 did not rise was because a whopping 469,000 people left the labor force. Thus, the LFPR (labor force participation rate) dropped from 62.9% to 62.7%. It is now lower than when Trump took office.

Bureau of Labor Statistics Data

(no doubt, most Americans neither understand nor care what that means)


Three - the employment to population ratio - which is a (IMO) far, FAR better measure of employment than the joke U-3 (that even Trump rightly calls a 'hoax') dropped last month.

Bureau of Labor Statistics Data

It is higher than it was when Trump took office (higher is good). But it has stalled and is now lower then it was last September.
In other words, the employment situation is not improving.
And before some use that silly excuse that America is at 'full employment'...guess again.

The ratio is NO WHERE NEAR where it was before the Great Recession. America is MILES from having full employment. What it has is tens of millions of people who have given up looking for work.
And those people do not count in the unemployment rate.


Four - finally, on Trump's tariffs? That were going to bring manufacturing back to America?
Manufacturing jobs DROPPED in August (by 3,000). Not much - but it completely flies in the face of the crap that Trumpbots are spewing that the tariffs are working and manufacturing jobs are 'coming home'. They were not in August...they were leaving.

Employment Situation Summary Table B. Establishment data, seasonally adjusted


Overall...the headline numbers - which mean little - were decent. And wage growth - which IS important - was very good.
But overall, hundreds of thousands of people lost their jobs in August, the employment to population ratio went down and manufacturing lost ground.

To me - it was a bad month. Take away the very, good wage growth and it was terrible.


Geez people...ALWAYS LOOK PAST THE HEADLINES. NEVER blindly believe the MSM.

All those links and you still failed to tell the basic truth:

U.S. Employment Jumps More Than Expected, Wage Growth Accelerates
September 07, 2018, 09:13:00

https://www.nasdaq.com/article/us-e...pected-wage-growth-accelerates-20180907-00362

annual rate of average hourly employee earnings growth subsequently accelerated to 2.9 percent in August from 2.7 percent in July. Wage growth had been expected to remain unchanged.

"This report is strong throughout and with the economy likely to grow more than 3% again in 3Q18 it will keep the Fed hiking interest rates with another move in September with a further increase in December," said James Knightley, Chief International Economist at ING.

Another (apparent) Trumpbot who is clueless about macroeconomics and believes whatever he reads.



And EXACTLY which stat that I posted was not true (this should be good considering they ALL came from the government)

True or False - 423,000 jobs were lost in the Household Survey number (which the U-3 is based on)?

And not in labor force increased by 700,000 to 96,290,000.

 

[edthecynic]

Lowest UER in 49 years.

BULLSHIT!

Not my call.

Unemployment claims fall to 49-year low
Unemployment rate matches lowest point in half a century

Unemployment CLAIMS is NOT the unemployment rate. The UE rate was LOWER in 2000.

 

[Aba Incieni]

Lowest UER in 49 years.

BULLSHIT!

Not my call.

Unemployment claims fall to 49-year low
Unemployment rate matches lowest point in half a century

Unemployment CLAIMS is NOT the unemployment rate. The UE rate was LOWER in 2000.

lol the rate is based on claims. Besides, your argument is with CNN, not me.

 

[skookerasbil]

You progressives toss around numbers in here as if it will change the polls tomorrow!. But 17 people might see this ghey thread. Everyone and their brother thinks the economy is exploding under Trump....job # fakery wont change that a wit.

 

[otto105]

The don has now been in office for 19 full months -- February 2017 through August 2018 -- and in that time, the economy has created 3.58 million jobs.

In the 19 full months preceding the don's presidency -- July 2015 to January 2017 -- the economy created 3.96 million jobs under President Barack Hussein Obama.


Can any of you kool aid drinkers explain how job growth slowed under the orange jesus' administration?

 

[skookerasbil]

The don has now been in office for 19 full months -- February 2017 through August 2018 -- and in that time, the economy has created 3.58 million jobs.

In the 19 full months preceding the don's presidency -- July 2015 to January 2017 -- the economy created 3.96 million jobs under President Barack Hussein Obama.


Can any of you kool aid drinkers explain how job growth slowed under the orange jesus' administration?

Poll: Voters' perception of economy at record high

That's alot of k00lAiDe drinkers s0n !!

 

[skookerasbil]

Who shows up in this forum saying to themselves. "I think I want to be made to look like a dick today!". Who does that?

I can see doubling down on Trump on other stuff, but the economy????!!!!

What's that like?

That's like showing up in here and wanting to start the KIM KARDASIAN DOESNT HAVE AN ENORMOUS BUTT club.

 

[edthecynic]

Lowest UER in 49 years.

BULLSHIT!

Not my call.

Unemployment claims fall to 49-year low
Unemployment rate matches lowest point in half a century

Unemployment CLAIMS is NOT the unemployment rate. The UE rate was LOWER in 2000.

lol the rate is based on claims. Besides, your argument is with CNN, not me.

Bullshit, and you know it.

U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate)

 

[otto105]

The don has now been in office for 19 full months -- February 2017 through August 2018 -- and in that time, the economy has created 3.58 million jobs.

In the 19 full months preceding the don's presidency -- July 2015 to January 2017 -- the economy created 3.96 million jobs under President Barack Hussein Obama.


Can any of you kool aid drinkers explain how job growth slowed under the orange jesus' administration?

Poll: Voters' perception of economy at record high

That's alot of k00lAiDe drinkers s0n !!

So why is the job growth slower under the last 19 months than it was the 19 before?

 

[edthecynic]

The don has now been in office for 19 full months -- February 2017 through August 2018 -- and in that time, the economy has created 3.58 million jobs.

In the 19 full months preceding the don's presidency -- July 2015 to January 2017 -- the economy created 3.96 million jobs under President Barack Hussein Obama.


Can any of you kool aid drinkers explain how job growth slowed under the orange jesus' administration?

Poll: Voters' perception of economy at record high

That's alot of k00lAiDe drinkers s0n !!

So why is the job growth slower under the last 19 months than it was the 19 before?

And why is slower job growth than the previous 19 months now called a BOOM!?!

 

[Aba Incieni]

Lowest UER in 49 years.

BULLSHIT!

Not my call.

Unemployment claims fall to 49-year low
Unemployment rate matches lowest point in half a century

Unemployment CLAIMS is NOT the unemployment rate. The UE rate was LOWER in 2000.

lol the rate is based on claims. Besides, your argument is with CNN, not me.

Bullshit, and you know it.

U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate)

Pretend like the UER isn't at record levels. Don't bother me none t'all.