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Jobs up, unemployment down
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wtg
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posted
Funny how that works....

quote:
Hiring rose in July at its fastest pace in nearly a year despite fears over Covid-19's delta variant and as companies struggled with a tight labor supply, the Labor Department reported Friday.

Nonfarm payrolls increased by 943,000 for the month while the unemployment rate dropped to 5.4%, according to the department's Bureau of Labor Statistics. The payroll increase was the best since August 2020.

Economists surveyed by Dow Jones had been looking for 845,000 new jobs and a headline unemployment rate of 5.7%. However, estimates were diverse amid conflicting headwinds and tailwinds and an uncertain path ahead for the economy.


https://www.cnbc.com/2021/08/0...bs-report-july-.html


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Posts: 38235 | Location: Somewhere in the middle | Registered: 19 January 2010Reply With QuoteReport This Post
pianojuggler
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quote:
However, estimates were diverse amid conflicting headwinds and tailwinds and an uncertain path ahead for the economy.
Does this sentence mean anything at all?


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Posts: 30040 | Registered: 27 April 2005Reply With QuoteReport This Post
Piano*Dad
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But Jim Jordan said this was President Biden's economy!

Higher gas prices, oh my!
 
Posts: 12761 | Location: Williamsburg, VA | Registered: 19 July 2005Reply With QuoteReport This Post
Mikhailoh
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A lot of states ended the federal unemployment bonus in July. Ohio did.


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Posts: 13650 | Registered: 20 April 2005Reply With QuoteReport This Post
Piano*Dad
"I've got morons on my team."

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Except that there is good evidence that states that ended assistance early did not have a "better" employment outcome, while their citizens DID experience more financial hardship.

Unemployment Insurance Programs Effects on Employment and Financial Hardship
 
Posts: 12761 | Location: Williamsburg, VA | Registered: 19 July 2005Reply With QuoteReport This Post
ShiroKuro
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quote:
Originally posted by pianojuggler:
quote:
However, estimates were diverse amid conflicting headwinds and tailwinds and an uncertain path ahead for the economy.
Does this sentence mean anything at all?


No. Nope. Nuh-uh.


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Posts: 18861 | Location: not in Japan any more | Registered: 20 April 2005Reply With QuoteReport This Post
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