Free Republic

VIDEO So with the spectacular June unemployment report showing yuuuuge gains in the number of jobs, what does Joe Biden have going for him? The answer is PANIC and the hope that the fear of media-hyped COVID case increases puts a halt to economic growth with more shutdowns. Of course, you never hear Biden nor most in the media mention that the daily death numbers have been PLUNGING since the middle of April as you will see in this video in response to Biden's fear mongering which is divorced from reality.

Friday’s job report added to this week’s economic optimism. US employers added 225,000 jobs in January, which blew predictions out of the water. The unemployment rate ticked up slightly, at 3.6 percent. Wages increased 3.1 percent from the previous year; wages have grown at an average pace of 3 percent for the last 18 months. Interestingly, the “labor-force participation rate,” meaning the percentage of Americans seeking employment, also increased. Economists have predicted that this number will decrease due to baby boomer retirement from the workforce, but this number has remained constant. This report is an exciting finish to a week...

U.S. stock index futures moved higher on Friday morning as data showed U.S. job creation was stronger than expected in April. Dow futures rose 112 points, indicating a gain of about 110 points at the open, following the release of the better-than-expected jobs report. The Nasdaq Composite is set to open 40 points higher, while futures on the S&P 500 were also higher. The U.S. added a robust 263,000 new hires in April while the unemployment rate fell to 3.6%, the lowest since December 1969, according to a Labor Department report Friday. The nonfarm payroll growth far outpaced Wall Street...

The U.S. jobs machine kept humming along in April, adding a robust 263,000 new hires while the unemployment rate fell to 3.6%, the lowest in a generation, according to a Labor Department report Friday. Nonfarm payroll growth easily beat Wall Street expectations of 190,000 and a 3.8% jobless rate. Average hourly earnings growth held at 3.2% over the past year, a notch below Dow Jones estimates of 3.3%. The monthly gain was 0.2%, below the expected 0.3% increase, bringing the average to $27.77. The average work week also dropped 0.1 hours to 34.4 hours. Unemployment was last this low in...

The economy added a healthy 263,000 jobs in April, firmly beating analyst expectations of 190,000, according to Friday’s monthly snapshot from the Department of Labor. The nation's unemployment level fell to 3.6 percent, the lowest since 1969, and average hourly earnings grew by 0.2 percent, for an annual gain of 3.2 percent, according to the Bureau of Labor Statistics.

The U.S. jobs machine kept humming along in April, adding a robust 263,000 new hires while the unemployment rate fell to 3.6%, the lowest in a generation, according to a Labor Department report Friday. Nonfarm payroll growth easily beat Wall Street expectations of 190,000 and a 3.8% jobless rate. Average hourly earnings growth held at 3.2% over the past year, a notch below Dow Jones estimates of 3.3%. The monthly gain was 0.2%, below the expected 0.3% increase, bringing the average to $27.77. The average work week also dropped 0.1 hours to 34.4 hours. Unemployment was last this low in...

VIDEO Rick Santelli gets very very emotional during this CNBC jobs report for March.

She tried. Oh, how she tried but she just couldn't pull it off. I mean, how do you spin negativity on a great July Jobs report that revealed unemployment had fallen to a mere 3.9% rate?  Sara Eisen, the co-host of CNBC's Squawk on the Street lamely attempted on Friday to see dark tidings in the bright report but even she had to concede that overall things looked good in the economy. So why her negativity? Could it have been that she wanted to spare the feelings of Mika Brzezinski to whom she was delivering her report on Morning Joe? Reporting...

“With slow wage growth, rising health care premiums, and skyrocketing gas prices across the country, Donald Trump’s reckless policies are hurting millions of hardworking families. Trump and Republicans in Congress have been so determined to undermine workers that they held a Supreme Court seat hostage for nearly a year in order to nominate an aggressively anti-union justice, who became the deciding vote in last week’s disgraceful decision in the Janus case..."

WASHINGTON (Reuters) - President Barack Obama predicted more grim economic news when the government releases its January employment data on Friday. “Tomorrow, we’re expecting another dismal jobs report on top of the 2.6 million jobs that we lost last year,” Obama said during a visit to the Department of Energy on Thursday. The report is due out at 8:30 a.m. EST (1330 GMT) on Friday.

The U.S. economy added 223,000 jobs in May, while economists polled by Reuters expected a gain of 188,000. Stocks rose on the news, with the Dow Jones industrial average gaining 188 points. Bank stocks followed rates higher. J.P. Morgan Chase, Goldman Sachs, Morgan Stanley and Bank of America all at least 0.9 percent. ___________________________________________________________________________ A stronger-than-expected jobs report pushed stocks higher on Friday as Wall Street recovered some of the losses seen in the previous session. The Dow Jones industrial average rose 188 points, with Goldman Sachs among the biggest contributors of gains in the index. The S&P 500 gained...

Predict the jobs report: [a] New jobs added in May [b] Unemployment rate

The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level since 1973, suggesting an apparent sharp slowdown in economic growth in the first quarter could be temporary. While another report on Thursday showed a mild weakening in factory activity in the mid-Atlantic region in April, manufacturers were fairly upbeat about business prospects in the next six months. This, together with labor market buoyancy bodes well for a pick-up in economic growth in the second quarter. "The labor market continues to improve. If the apparent slowing in GDP in the first quarter was truly a...

Federal Reserve Chair Janet Yellen made an interesting comment yesterday on today’s jobs report, suggesting the economy just needs to add around 100K jobs a month to be okay. Via Reuters: “To simply provide jobs for those who are newly entering the labor force probably requires under 100,000 jobs per month,” with anything above that helping “absorb” those who are unemployed, discouraged or had dropped out of the labor market, Yellen, who was speaking before Congress’ Joint Economic Committee, said in a question and answer session. That 100K number is much, much lower than the current 200K monthly average...

A strong employment report for October hasn't solved a conundrum that has persisted for five years: As jobs are created and the jobless rate falls, the number of Americans in the labor force keeps dropping. The Labor Department reported Friday that, including revisions from August and September, hiring was up a brisk 283,000 - about double the meager pace of recent months. Gains were widespread in industries, including business services, health care, retail, food services and even construction, suggesting a housing bounce. Average wages rose 0.35% to $25.20, indicating many workers got raises. We'd love to see 12 months or...

LONDON (Reuters) - Gains for European and Asia stocks capped a wild week for financial markets on Friday, ahead of a key U.S. jobs report that could determine the chances of the Federal Reserve raising interest rates before year-end. Concerns about U.S. monetary policy and slowdown in emerging markets led by China have hit commodities markets and related stocks like Glencore and sent credit spreads wider this week in the wake of a summertime surge in volatility. An escalation of fighting in Syria, with Russian air strikes marking its biggest Middle East intervention in decades, has so far failed to...

For a third month in a row, native-born Americans saw their job numbers tumble while immigrants experience solid gains. According to the montly Bureau of Labor Statistics numbers just released, "foreign-born" jobs numbers increased by 14,000, while those for "native-born" Americans fell off a cliff, by 262,000. Over the past three months, the job numbers for native-born have dropped by nearly 1 million, exactly the number of jobs President Obama promised to add when he ran for re-election in 2012. During that period, jobs for immigrants grew 218,000.

For the past few years, the Obama lovers in the media have been boasting about the supposedly great economy Americans are enjoying. According to this fictitious narrative, Obama’s strong leadership saved the economy and led to our “recovery,” but, in reality, we face today a RINO or “Recovery in Name Only” economy. The real economy was exposed in the September labor report. The country created only 142,000 new jobs, much less than expectations. This year, we are adding fewer than 200,000 new jobs each month, well below last year’s average of 260,000 new jobs per month. The so-called experts blame...

<p>The U.S. economy added only 142,000 jobs last month, the Labor Department said Friday. The unemployment rate remained unchanged at 5.1 percent.</p> <p>Analysts had forecast growth of a much more robust 206,000 jobs and an unchanged unemployment rate.</p> <p>Wages were flat in In September, with average hourly earnings at $25.09, following a 9-cent gain in August. Hourly earnings have risen by 2.2 percent over the year. Average hourly earnings of private-sector production and nonsupervisory employees were unchanged at $21.08 in September, the department said.</p>

While the September jobs number was an absolute disaster, here is the real punchline: in September, the people not in the labor force soared by a whopping 579,000 to a record 94.6 million, up from the previous record 94.0, even as number of people employed - according to the household survey used to calculate the "5.1%" unemployment rate - tumbled by 236,000 to 148.8 million. And as a result of this latest surge in people who aren't working, nor want to work, the participation rate crashed yet again, and sliding from 62.6% to 62.4%, it was the lowest since October...