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Blockbuster: Economy adds 943K jobs; unemployment falls to 5.4 percent
The Hill ^ | 08/06/2021 | Sylvan Lane

Posted on 08/06/2021 6:42:36 AM PDT by ChicagoConservative27

The U.S. added 943,000 jobs in July as a summer rush of travel and recreation spending powered the economy through surging coronavirus cases, the Labor Department reported Friday.

The unemployment rate fell to 5.4 percent in July from 5.9 percent last month, according to the monthly jobs report, as employment growth exceeded the 850,000 consensus job gain projected by economists.

The U.S. was expected to see another strong month of job growth as consumers spent the summer enjoying activities restricted by the coronavirus pandemic.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Government; Your Opinion/Questions
KEYWORDS: blockbuster; economy; falls; unemployment
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To: ChicagoConservative27

Part of the fall in the unemployment rate is that labor force participation remains low.


21 posted on 08/06/2021 7:03:19 AM PDT by Redmen4ever
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To: ChicagoConservative27

Good. Save the landlords, people can pay their own rent.


22 posted on 08/06/2021 7:05:50 AM PDT by Toespi
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To: ChicagoConservative27

Are we supposed to believe this?


23 posted on 08/06/2021 7:06:57 AM PDT by Maris Crane
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To: ChicagoConservative27

Great, now they can rule forever


24 posted on 08/06/2021 7:14:57 AM PDT by wiseprince (Me,)
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To: ChicagoConservative27

ZERO jobs were added - these are people returning to existing jobs. Clueless Joe’s staff will do some creative math to show how Biden “created” new jobs.

More economic manure spreading


25 posted on 08/06/2021 7:15:05 AM PDT by EC Washington
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To: cableguymn

Well, I hear Smiths(Kroger) delivers for free so..... Gas tanker trucks? Not so much. So, how long before the truck jackings starts and black market gas is undercutting the stations by a buck a gallon?


26 posted on 08/06/2021 7:18:07 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: A_Former_Democrat

Probably “misinformation”.


27 posted on 08/06/2021 7:18:43 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: 1217Chic

Same here. Hear ads daily for many of the local warehouses. Petco, Uline, Sally Beauty Supply, MaryK, Amazon dist center.................... We have a bunch.


28 posted on 08/06/2021 7:20:44 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: ChicagoConservative27

I wonder how many of those new jobs were created in the States that refused the unemployment benefits?


29 posted on 08/06/2021 7:24:26 AM PDT by Armando Guerra
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To: rktman

There was a fuel delivery service and major cities. I now out here in cow country I can get whatever I want delivered to the farm


30 posted on 08/06/2021 7:26:03 AM PDT by cableguymn (We need a redneck in the white house.... But the fact checkers said the story was false!)
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To: Enlightened1

I believe this. You take 300 bucks a month from people and they go back to work. Common sense. Watch September October numbers skyrocket when the 300 is gone in all states.


31 posted on 08/06/2021 7:27:23 AM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016 )
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To: A_Former_Democrat
I thought I read here the other day that was only in the 300,000 about half of what was expected

That was probably the ADP jobs report from earlier in the week, 330,000. Heard it on the radio. Of course, I trust their numbers more than anything put out by the current administration.

32 posted on 08/06/2021 7:50:04 AM PDT by rwfok (Nothing can stop what is coming. Nothing!)
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To: ChicagoConservative27

Just in time for more lockdowns


33 posted on 08/06/2021 8:02:40 AM PDT by mykroar (God speed, President Trump)
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To: ChicagoConservative27

meanwhile job participation is still under 62%


34 posted on 08/06/2021 8:06:58 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: ChicagoConservative27

35 posted on 08/06/2021 8:26:34 AM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. P144:1)
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To: ChicagoConservative27

The govt is not going to be able to force peeps into electric cars on a widespread basis without gas being expensive.
The plan is to penalize petroleum and subsidize electric.
In some countries in Europe the electric market share is 50% mostly based on economics.


36 posted on 08/06/2021 8:32:36 AM PDT by nascarnation
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To: ChicagoConservative27

The Labor Department included a million new illegals standing around Home Depot parking lots as “employed”.


37 posted on 08/06/2021 8:33:44 AM PDT by VanShuyten ("...that all the donkeys were dead. I know nothing as to the fate of the less valuable animals)
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To: ChicagoConservative27

Wouldn’t have anything to do with red states refusing to extend emergency unemployment would it? Nah, that can’t be it.


38 posted on 08/06/2021 9:29:34 AM PDT by VTenigma (The Democrat party is the party of the mathematically challenged )
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To: ChicagoConservative27

And ALL of those new jobs were likely in the the states that stopped the extra $300/week government unemployment bonus in the last months. In the rest of USA, there are more available jobs than people on unemployment, but no one is jumping off the gravy train to actually work for their money.


39 posted on 08/06/2021 10:07:49 AM PDT by LTC.Ret
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To: Enlightened1

Wanna bet Deep State is cooking these numbers just like they cook CoupFlu stats...


40 posted on 08/06/2021 10:10:12 AM PDT by mewzilla (Those aren't masks. They're muzzles. )
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