Dayyyyum. 517,000 jobs created in January, crushing estimates, as unemployment rate hit 53-year low

[Harpy Eagle]

The labor participation rate hasn't reached the pre-pandemic Trump era.

United States Labor Force Participation Rate - January 2023 Data

And it never will. There are more retied people in the US than ever before. Child care is now more expensive so more families are going back to being one income families.

These are both actually good things.

 

[airplanemechanic]

Why was it so high in 2018 and 19?

Because people were buying things.

You know, the old days, when we actually had new cars to purchase? And homes? Working two jobs to buy a new house or car is far different than working two jobs to pay for rent and groceries.

Existing-Home Sales Trends, 2009 – 2019

Every month NAR produces existing home sales, median sales prices, and inventory figures. Let's take a look at the market in the last 10 years, from 2009 through 2019.

www.nar.realtor

In 2019, existing-home sales reached the 5.34 million mark, up from 4.34 million in 2009. Over the 10-year period, sales peaked in 2017 at 5.51 million.

US auto sales fall in 2019 but still top 17 million for fifth consecutive year

Automakers sold more than 17 million vehicles in the U.S. for a fifth consecutive year in 2019, an unprecedented feat that many presumed was unattainable when the streak began.

www.cnbc.com

However, under Bidumb:

Automakers are cautiously optimistic for a 2023 rebound after worst new vehicle sales in more than a decade

Automakers are hoping last year's new vehicle sales — the worst in more than a decade will mark a bottom for the market.

www.cnbc.com

Industry estimates range from 13.7 million to 13.9 million new vehicles being sold last year in the U.S., a roughly 8% to 9% decline compared with 2021 and the lowest level since 2011 when sales were recovering from the Great Recession.

 

[beagle9]

This is bad news for whoever wants to defeat Joe Biden in 2024..
Without a bad economy, all they would have left is "Hunter Biden flashed his penis".
53 year low!

January Jobs Report: Pace of U.S. Hiring Surges Unexpectedly (Published 2023)

After several months of cooling, the economy added far more jobs than economists anticipated. The unemployment rate fell to its lowest level since 1969.

www.nytimes.com

Looks like these bull shite spending bill's could be creating bull shite job's and statistics in order to hold up a failed administration today.

Follow the money, and how about an audit on what type of job's were being created or filled under the Biden administration, otherwise before cheerleading the data in a time when corruption is so rampant in just about everything these days. Slow down there boy, and do your homework before drooling at the mouth over your giddiness when throwing out your ideas that this administration is anything but inept and hostile towards most Americans today.

 

[beagle9]

There are 2.7 million more people with jobs now than before COVID.

What kind of Jobs? Job's created with taxpayer money ?

 

[luiza]

So if 518 000 jobs disappear for a variety of reasons , but 517 000 find a job , what sort of numbskull thinks that is good ?

 

[beagle9]

So if 518 000 jobs disappear for a variety of reasons , but 517 000 find a job , what sort of numbskull thinks that is good ?

Explains a shift in the job market, but what kind of shift ? Are the job's made up ? Are we becoming stronger again because of the types of jobs being obtained ? We have to know what type of economy is being created or who or what is putting forth the numbers on behalf of.

 

[odanny]

What an amazing job this man is doing, and we should all take a moment to say thanks that he is President, and not Trump.

 

[blackhawk]

It’s a good number but as long as the high inflation continues there will be problems for the White House. The price at the pump and in stores registers with people far more than this report will.

 

[Billy_Bob]

This is bad news for whoever wants to defeat Joe Biden in 2024..
Without a bad economy, all they would have left is "Hunter Biden flashed his penis".
53 year low!

January Jobs Report: Pace of U.S. Hiring Surges Unexpectedly (Published 2023)

After several months of cooling, the economy added far more jobs than economists anticipated. The unemployment rate fell to its lowest level since 1969.

www.nytimes.com

Read the fine print... they are all part time low wage jobs... Its short-term job creation. ITs bull shit smoke and mirrors.

 

[Billy_Bob]

What an amazing job this man is doing, and we should all take a moment to say thanks that he is President, and not Trump.

Short term low wage jobs.... just like Obama... all bull shit all the time.

 

[airplanemechanic]

What an amazing job this man is doing, and we should all take a moment to say thanks that he is President, and not Trump.

Yea I hated 1.5% inflation. Paying 99c for a dozen eggs, that was bullshit. I'd rather my 6 dollars a dozen under Biden. MUCH better.

 

[MarcATL]

Some highlights:

• After revisions, America gained 4.8 million jobs last year. That's 300,000 more than previously reported.
• Job gains were widespread, in just about every sector. Leading the way: Leisure and hospitality added 128,000 jobs as America continued to rebound from the Covid pandemic.
• The unemployment rate was 3.4%, the lowest since May 1969 — as in, before Neil Armstrong landed on the moon.
• Wages grew 4.4% over the past year in January, higher than expected.

With all this fantastic news about the strength of America, we have the Republicans, certainly all the rubes, psychophants and lemmings we experience here on USMB, obsessively concerned w/and wants the country to focus on, Hunter Biden's penis!

Hillary should have come up w/a stronger word than deplorable!

 

[airplanemechanic]

With all this fantastic news about the strength of America, we have the Republicans, certainly all the rubes, psychophants and lemmings we experience here on USMB, obsessively concerned w/and wants the country to focus on, Hunter Biden's penis!

Hillary should have come up w/a stronger word than deplorable!

If things are so strong, why are home sales and car sales at record lows? Inflation at record highs? Real wages now going down for 21 months?

Real wages down 8.6%.

More workers find their wages falling even further behind inflation

While the past 25 years have witnessed episodes that show either a greater incidence or larger magnitude of real wage declines, the current time period is unparalleled in terms of the challenge employed workers face.

www.dallasfed.org

 

[beagle9]

It’s a good number but as long as the high inflation continues there will be problems for the White House. The price at the pump and in stores registers with people far more than this report will.

Agree, but what also register's is what types of job's are adding to the numbers ? Data is nothing as you just pointed out, otherwise without the impact's that are extremely needed throughout the economy. A falsely held up economy and job's numbers will come back to bite the nation in it's ace if hardships break out. It will show just how duped we were in it all.

 

[beagle9]

With all this fantastic news about the strength of America, we have the Republicans, certainly all the rubes, psychophants and lemmings we experience here on USMB, obsessively concerned w/and wants the country to focus on, Hunter Biden's penis!

Hillary should have come up w/a stronger word than deplorable!

Your post is exactly why the nation should be focused on Hunter and his dad (the big guy), and them both being investigated fully, and then being arrested for the compromising of our national security, and worse leading this country to the brink of war.

Keep positing Marcalt, because you reveal extensively why this nation should immediately go after the alledged Democrat cabal, and all it's anti-American activities that has led the nation into chaos and anarchy.

 

[MarcATL]

If things are so strong, why are home sales and car sales at record lows? Inflation at record highs? Real wages now going down for 21 months?

Real wages down 8.6%.

More workers find their wages falling even further behind inflation

While the past 25 years have witnessed episodes that show either a greater incidence or larger magnitude of real wage declines, the current time period is unparalleled in terms of the challenge employed workers face.

www.dallasfed.org

What you're describing is the market at work, aka capitalism.

Ain't it grand!?!?

 

[airplanemechanic]

What you're describing is the market at work, aka capitalism.

Ain't it grand!?!?

Oh yes, inflation out of control and wages down.

Wonderful under Biden!!!

Diesel under Trump: 1.79
Diesel under Biden: 5.39.

 

[toobfreak]

517,000 jobs created in January, crushing estimates, as unemployment rate hit 53-year low​

Sounds like another bullshit story that flies in the face of every known fact and other study, the kind of carp that only leftwing rags like WaPo, NYT or some other propaganda rag would spew out to their blind and obedient zombie followers!

 

[MarathonMike]

This is bad news for whoever wants to defeat Joe Biden in 2024..
Without a bad economy, all they would have left is "Hunter Biden flashed his penis".
53 year low!

January Jobs Report: Pace of U.S. Hiring Surges Unexpectedly (Published 2023)

After several months of cooling, the economy added far more jobs than economists anticipated. The unemployment rate fell to its lowest level since 1969.

www.nytimes.com

Woohoo! Tell this to all the Americans who don't have enough money to pay for groceries, gas and rent. They will be thrilled at how great our economy is.

 

[Rambunctious]

This is bad news for whoever wants to defeat Joe Biden in 2024..
Without a bad economy, all they would have left is "Hunter Biden flashed his penis".
53 year low!

January Jobs Report: Pace of U.S. Hiring Surges Unexpectedly (Published 2023)

After several months of cooling, the economy added far more jobs than economists anticipated. The unemployment rate fell to its lowest level since 1969.

www.nytimes.com

That number includes the 2022 year of revisions and it also includes temp jobs from December.... so its a little skewed...