Biden's economy: Very weak jobs report, 128000 jobs added, well under 300,000 estimated

[Lisa558]

I’m NOT A GUY

Then old gals like you. No reason you can’t get a job.

 

[Rambunctious]

I live in a small town by comparison... Last month we saw two long standing restaurants one bar and a deli close their doors for good...
In just a year and a half Joe has wrecked my town....

 

[jbrownson0831]

Okay what moron?.... if you got something to say... say it.... if not STFU....

Wow a cranky old whiner who says she wants to work but isn't......hmmmmm.

 

[Lisa558]

Go play in traffic

What is my health like?

You said you were 66 and wanted a job. I said you can get one. If your health doesn’t allow it, then stay retired.

 

[Moonglow]

The new jobs report shows bleak numbers for an already stumbling, weak economy.

The newest jobs report is only 128,000 added, less than half the expected 300,000 jobs that the analysts were estimating. Even with the expected bounceback of the pandemic shutdowns, the jobs report is slowing dramatically. If we can't come out of this strong, we may not come out of this at all.

What did you expect? Trump had no better numbers without a pandemic.

 

[Faun]

The new jobs report shows bleak numbers for an already stumbling, weak economy.

The newest jobs report is only 128,000 added, less than half the expected 300,000 jobs that the analysts were estimating. Even with the expected bounceback of the pandemic shutdowns, the jobs report is slowing dramatically. If we can't come out of this strong, we may not come out of this at all.

You realize the actual jobs numbers don't come out until tomorrow, right?

 

[Rambunctious]

I estimate that in the four businesses that closed in my town took out about 20 jobs.... Joe Biden is a wrecking machine... everything he touches is ruined forever....

 

[Rambunctious]

From sea to shinning sea small businesses are closing for good... The media won't report this but people's lives are being destroyed every day that Joe is in the white house....

 

[Lisa558]

From sea to shinning sea small businesses are closing for good... The media won't report this but people's lives are being destroyed every day that Joe is in the white house....

Small businesses and their motivated, hard-working owners are the enemy to the left.

 

[Harpy Eagle]

The new jobs report shows bleak numbers for an already stumbling, weak economy.

The newest jobs report is only 128,000 added, less than half the expected 300,000 jobs that the analysts were estimating. Even with the expected bounceback of the pandemic shutdowns, the jobs report is slowing dramatically. If we can't come out of this strong, we may not come out of this at all.

where is your link?

 

[Faun]

Small businesses and their motivated, hard-working owners are the enemy to the left.

LOLOL

And yet despite that bullshit, Reagan is the only Republican president to leave office with the unemployment rate lower than when he started. And that's never happened under any Democrat president for as long as the BLS has tracked unemployment statistics.

 

[Faun]

where is your link?

It's according to ADP, not the BLS. The ADP figures do not track government employees or all self-employed employees.

 

[Harpy Eagle]

It's according to ADP, not the BLS. The ADP figures do not track government employees or all self-employed employees.

A link is required in this part of the forum.

 

[Couchpotato]

A link is required in this part of the forum.

Private payrolls increased by just 128,000 in May, the slowest growth of the recovery, ADP says

Private sector employment rose by just 128,000 for the month, falling well short of the 299,000 Dow Jones estimate.

www.cnbc.com

Im not the OP but here's a link

 

[Harpy Eagle]

Private payrolls increased by just 128,000 in May, the slowest growth of the recovery, ADP says

Private sector employment rose by just 128,000 for the month, falling well short of the 299,000 Dow Jones estimate.

www.cnbc.com

Im not the OP but here's a link

Thanks. The OP went back and added one so he was able to avoid the thread being closed.

 

[skews13]

The new jobs report shows bleak numbers for an already stumbling, weak economy.

The newest jobs report is only 128,000 added, less than half the expected 300,000 jobs that the analysts were estimating. Even with the expected bounceback of the pandemic shutdowns, the jobs report is slowing dramatically. If we can't come out of this strong, we may not come out of this at all.

Private payrolls increased by just 128,000 in May, the slowest growth of the recovery, ADP says

Private sector employment rose by just 128,000 for the month, falling well short of the 299,000 Dow Jones estimate.

www.cnbc.com

You’re as full of shit as a Christmas turkey.

• Consumer spending increases 0.9% in April
• Inflation adjusted consumer spending rises 0.7%
• Core PCE price index gains 0.3%; up 4.9% year-on-year
• Goods trade deficit narrows 15.9% to $105.9 bln in April

Unemployment claims lowest since 1969.

Corporate profits highest on record.

Morgan Stanley 2022 Midyear Economic Forecasts vs. Consensus

	2021	2022E	2023E
GDP (%Y)		Morgan Stanley	Consensus	Morgan Stanley	Consensus
Global*	6.2	2.9	3.3	3.5	3.5
G10 Nations	5.2	2.8	3.1	2.0	2.3
U.S.	5.7	2.6	3.2	2.6	2.3
Euro Area	5.4	2.6	2.8	1.3	2.4
Japan	1.6	1.9	2.1	1.6	1.8
UK	7.4	4.0	3.8	0.8	1.6
EM*	7.0	3.0	3.6	4.6	4.4
China	8.1	4.2	4.9	5.7	5.1
India	8.1	7.4	7.4	6.7	7.5
Brazil	4.6	0.5	0.7	1.7	1.0
Russia	4.7	-12.0	-10.0	1.5	-1.5

Source: Source: Bloomberg, Haver Analytics, Morgan Stanley Research forecasts; Note: Aggregates are PPP-weighted. Cons = consensus. Consensus sources in parenthesis: Brazil (BCB survey), Mexico (Banxico survey), ASEAN (AP Consensus). India 2023 GDP consensus values refer to FY.

 

[B. Kidd]

just a repeat of the Carter years

But this time it'll be on steroids!!

 

[Harpy Eagle]

You’re as full of shit as a Christmas turkey.

• Consumer spending increases 0.9% in April
• Inflation adjusted consumer spending rises 0.7%
• Core PCE price index gains 0.3%; up 4.9% year-on-year
• Goods trade deficit narrows 15.9% to $105.9 bln in April

Unemployment claims lowest since 1969.

Corporate profits highest on record.

The thing about these types of threads is they just highlight the partisanship of the OP. If there are good numbers for a month they do not make a post, but bad numbers and there are multiple threads.

 

[Couchpotato]

You’re as full of shit as a Christmas turkey.

• Consumer spending increases 0.9% in April
• Inflation adjusted consumer spending rises 0.7%
• Core PCE price index gains 0.3%; up 4.9% year-on-year
• Goods trade deficit narrows 15.9% to $105.9 bln in April

Unemployment claims lowest since 1969.

Corporate profits highest on record.

Are you disputing what the report says? Do you have some proof that either the private companies or the ADP is lying about the number of jobs added in May?

And if you are putting shit in your Christmas turkey you're doing it wrong.

 

[Couchpotato]

The thing about these types of threads is they just highlight the partisanship of the OP. If there are good numbers for a month they do not make a post, but bad numbers and there are multiple threads.

Also depends on what each report (BLS/ADP) says as to which one they quote. On both sides.