ExpressLane
Verified User
It is down 950 today.
July jobs report: Unemployment rate jumps to 4.3%, job gains total just 114,000 as labor slowdown deepens
- Thread starter Earl
- Start date
Indeed it is...recession...depression?
Indeed!
ExpressLane
Verified User
Um the country was in the grips of a pandemic. Fortunately Trump got 3 vaccines produced 2 vacines in record time that help stem the pandemic.
An inverted yield curve shows that long-term U.S. Treasury debt interest rates are less than short-term interest rates. When the yield curve is inverted, yields decrease the farther out the maturity date is. Sometimes referred to as a negative yield curve, the inverted curve has proven to be a reliable indicator of a recession.
Treasury yields remain inverted as investors continue to weigh risk of recession
July 9, 2024
Treasury yields remain inverted as investors continue to weigh risk of recession
July 9, 2024
ExpressLane
Verified User
So you would prefer Earl sweep it under the rug.Earl reacts to poor economic report --->"YAY!!! Hooray for negative reports about the American economy!!!"
The fact that he's happy about it says that he really doesn't give a shit about this country.
He should be ashamed.
No one is happy about these abysmal jobs reports, especially me, and those Americans whose jobs have been taken by illegals.
What kinds of jobs are illegal immigrants “stealing from ...
Quora
https://www.quora.com › What-kinds-of-jobs-are-illega...
Kitchen jobs, construction, manufacturing, hospitality and tourism jobs. All industries overrun by illegals who the keep wages low, as any .
What kinds of jobs are illegal immigrants “stealing from ...
Quora
https://www.quora.com › What-kinds-of-jobs-are-illega...
Kitchen jobs, construction, manufacturing, hospitality and tourism jobs. All industries overrun by illegals who the keep wages low, as any .
Bad news for today. The good news is coming when the downturn spurs a cut in interest rates.July jobs report: Unemployment rate jumps to 4.3%, job gains total just 114,000 as labor slowdown deepens
Josh Schafer
Josh Schafer·Reporter
Updated Fri, Aug 2, 2024, 8:52 AM EDT3 min read
541
The US economy added fewer jobs than expected in July while the unemployment rate unexpectedly rose to its highest level in nearly three years, the latest sign of a broader summer slowdown in the US labor market.
Data from the Bureau of Labor Statistics released Friday showed the labor market added 114,000 nonfarm payroll jobs in July, fewer additions than the 175,000 expected by economists.
Meanwhile, the unemployment rose 4.3%, up from 4.1% June. The unemployment rate is now at its highest level since October 2021. July's job additions came in lower than the 179,000 jobs added in June.
Notably, the BLS said Hurricane Beryl had "no discernible effect" on the employment data for July.
July jobs report: Unemployment rate jumps to 4.3%, job gains total just 114,000 as labor slowdown deepens
The July jobs report comes at a critical moment as investors weigh whether the labor market is still normalizing to pre-pandemic levels or flashing signs of a more significant economic downturn ahead.finance.yahoo.com
So, Marty, American workers have to lose their jobs so that interest rates go down. There’s no guarantee that interest rates will go down.
How cold and heartless of you, Marty.
Poor, cruel Marty.
ThatOwlWoman
Leftist Vermin
Right.
Geeko Sportivo
Verified User
Yes, good timing because there will be 3 more monthly reports before election day! Summer is half over now
I think it is safe to say that there will be good months and there will also be bad months for economic and employment.
Sometimes the reasons for the changes are seasonal.
The two largest sectors of the U.S. economy — services and FIRE (finance, insurance, and real estate) — make up half of national GDP and are both hurt by higher summer temperatures. More housing transactions take place in the spring and summer, perhaps because house shopping involves travel and outdoor activity.
PostmodernProphet
fully immersed in faith..
I wonder if the unemployed believe so as well......
T. A. Gardner
Thread Killer
There were also more jobs lost than new jobs created last month as restaurant chains closed and laid off staff, Intel laid off 15,000, etc.July jobs report: Unemployment rate jumps to 4.3%, job gains total just 114,000 as labor slowdown deepens
Josh Schafer
Josh Schafer·Reporter
Updated Fri, Aug 2, 2024, 8:52 AM EDT3 min read
541
The US economy added fewer jobs than expected in July while the unemployment rate unexpectedly rose to its highest level in nearly three years, the latest sign of a broader summer slowdown in the US labor market.
Data from the Bureau of Labor Statistics released Friday showed the labor market added 114,000 nonfarm payroll jobs in July, fewer additions than the 175,000 expected by economists.
Meanwhile, the unemployment rose 4.3%, up from 4.1% June. The unemployment rate is now at its highest level since October 2021. July's job additions came in lower than the 179,000 jobs added in June.
Notably, the BLS said Hurricane Beryl had "no discernible effect" on the employment data for July.
July jobs report: Unemployment rate jumps to 4.3%, job gains total just 114,000 as labor slowdown deepens
The July jobs report comes at a critical moment as investors weigh whether the labor market is still normalizing to pre-pandemic levels or flashing signs of a more significant economic downturn ahead.
It sometimes indicates a recession, but has been far from always reliable.
What it is a reliable indicator of is falling inflation. Investors think that there will be lower inflation in the future, and are trying to lock in higher interest rates for longer. They are willing to accept slightly lower interest rates to lock it in.
There needs to be less demand for labor for inflation to go down. In theory, interest rates would go down too, because the Fed would lower interest rates when inflation goes down.