U.S. job growth picks up; unemployment rate drops to 3.9 percent

Big news the unemployment rate is down to 3.9% !!

Black and Hispanic rates at new lows too !!

Must be food stamp participation is down too !!

Whaaa-Whooo !!

U.S. job growth picks up; unemployment rate drops to 3.9 percent

U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force.

The Labor Department’s closely watched employment report on Friday also showed wages barely rose last month, which may ease concerns that inflation pressures are rapidly building up, likely keeping the Federal Reserve on a gradual path of monetary policy tightening.

“Fed officials can rest easy that there is not any wage-based inflation on the horizon,” said Chris Rupkey, chief economist at MUFG in New York. “There is no need to speed up the path of interest rates because inflation isn’t heating up in a worrisome manner.”

Black, Hispanic unemployment rates hit record lows in April


and of course.....
Valerie Jarrett: We Should Give Obama Credit for Today’s Jobs Report

😎🔑

a reply to: xuenchen



That is Great! IF the MSM reported it though, it must not be true according to you. Cant have it both ways!

Oh, we have lower unemployment rates from month to month since years in germany, according to those responsible and the MSM.

But we also know the truth about these numbers, how it comes to them. With lying, tricking around. We know that almost nobody of the average population can live from these wonderful jobs anymore, sometimes even not with two or three of them. This happens if you split one healthy job into three slave wage jobs, for the profits of the industry, the employers, the rich and those responsible for the wonderful unemployment rates. To save banks and to fool the people!

But hey, some people eat everything their Führers tell them...

originally posted by: DerBeobachter
Oh, we have lower unemployment rates from month to month since years in germany, according to those responsible and the MSM.

But we also know the truth about these numbers, how it comes to them. With lying, tricking around. We know that almost nobody of the average population can live from these wonderful jobs anymore, sometimes even not with two or three of them. This happens if you split one healthy job into three slave wage jobs, for the profits of the industry, the employers, the rich and those responsible for the wonderful unemployment rates. To save banks and to fool the people!

But hey, some people eat everything their Führers tell them...

Where was this post a few years back? As far as eating everything told them, that seems to fit the serfs of Germany and the rest of Europe equally, if not more so than the U.S..

a reply to: xuenchen

How much hours a week does a person need to work to be considered "employed" according to these statistics?

Also, out of the people who are considered "Employed", according to these statistics... what percentage are actually earning a liveable wage?

Politicians are notorious for simply changing the definitions of whats considered as "employed"... then claiming credit for the low unemployment rate, without actually significantly creating more genuine 'liveable wage' jobs.

For these statistics to have any relevance, a year to year definition of what they consider as 'employed' would need to be publicly available and easily accessible.

This is bad news for Democrats in the election. Trump is tearing it a new one.

Is that so? According to the right in recent months, people are underemployed working multiple PT jobs and the economy still sucks, hence the repeated claim that the stats are bogus at best.

You folks gotta make up your minds & be consistent for once.

a reply to: xuenchen

MORE winning.

originally posted by: IAMTAT
a reply to: xuenchen

MORE winning.


***U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force.***

What part of this do you not understand?

They are still using Obama's method of calculating the unemployment rate and the only reason it's going down is because they are no longer counting people who have given up on finding a job.

Our total personal debt just hit $19Trillion

The cost of a new home has doubled since 2000, yet wages have barely moved.

We are very, very far from "winning".

a reply to: xuenchen

Wow! Obama did this?

a reply to: xuenchen

This should be the main story here on ATS. This is great news for my fellow citizens.

The definition of 'the unemployment rate' from an economist:

The unemployment rate includes anyone 16 or older who is actively searching for work in its calculation , which means students, retirees and others not in the labor force are excluded.

This simplistic definition presents many problems:

1: It says nothing about the quality of the jobs.
2: It excludes (as above) large swaths of the populous who would like to work
and
3: The definition of 'full employement' that ecconomists use:

the idea of full employment is that so few workers are available that companies need to begin raising wages to attract help.

Economists technically define full employment as any time a country has a jobless rate equal or below what is known as the “non-accelerating inflation rate of unemployment,” which goes by the soporific acronym NAIRU.

In other words, full employment isn’t when everyone has a job. Instead, it is when inflation starts to rise because businesses cannot find enough workers.

All quotes from:

theconversation.com...

www.marketwatch.com...

Lack of wage acceleration is the main surprise in jobs report, economists say

data.bls.gov...

Labor Force Statistics from the Current Population Survey

I'm not saying this is false, I've personally experience an uptick in commercial construction and residential construction buying, however this does not reflect in the rest of the economic data

sooooo... what's going on?

a reply to: Bone75

At least the ones "looking" were able to find.

Better than burnt toast eh.

😎

a reply to: FyreByrd

Maybe Kanye West is right afterall.

✅verified

Let us all give prayers and thank God Obama left us a great economy.

The only issue is if Trump will ruin it like Bush ruined Clinton's great economy he left in 2000!

Isn't this great we are now being told unemployment is down, I'm sure it will be believed by everyone except those that are unemployed as they know the cold hard truth.

More truths brought to us by the ministry of truth.

originally posted by: Willtell
Let us all give prayers and thank God Obama left us a great economy.

The only issue is if Trump will ruin it like Bush ruined Clinton's great economy he left in 2000!

wow, just wow

#nowords

originally posted by: Metallicus
a reply to: xuenchen

This should be the main story here on ATS. This is great news for my fellow citizens.

Yes it's awesome! And just think, if a couple million more people stop looking for work this month, unemployment will fall to 3.0

And thank God wages aren't going up, what a relief huh?

Take a regular position, turn it into 3 part time ones with no benefits. Just added two jobs.