Job gain of 4.8 million in June smashes expectations;

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anatta

100% recycled karma
nonfarm payrolls rose by 4.8 million in June, much better than the expected increase of 2.9 million.
The unemployment rate fell to a crisis low of 11.1%, also better than the 12.4% estimate.

Nonfarm payrolls jumped by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday.

Economists surveyed by Dow Jones had been expecting a 2.9 million increase and a jobless rate of 12.4%. The report was released a day earlier than usual due to the July Fourth U.S. holiday.

The jobs growth marked a big leap from the 2.7 million in May, which was revised up by 190,000. The June total is easily the largest single-month gain in U.S. history
https://www.cnbc.com/2020/07/02/jobs-report-june-2020.html
 
The labor force participation level saw a sharp bump, rising to 61.5%, which brings it to 1.9 percentage points below its February level, a month before the coronavirus pandemic shut down much of the U.S. economy.

Jobs were equally balanced at 2.4 million apiece for full- and part-time workers.

Retail also saw a sizeable boost, with a gain of 740,000. Education and health services rose 568,000 and manufacturing was up 356,000. Personal and laundry services saw another major gain, at 264,000, part of an increase in other services that totaled 357,000.
 
I think 10% is the unemployment rate slated for the end of year. (Trump's prospects of running on the Economy shattered) :(
 
Jack said:
I think 10% is the unemployment rate slated for the end of year. (Trump's prospects of running on the Economy shattered) :(
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The source of the virus from China is China. They lied about the source and their number of fatalities. They would not share data with our health professionals that might have mitigated their virus from China. They nailed shut the doors of those with the virus from China They did not stop flights out of China and the virus from China spread around the world.

China must be held accountable for the hundreds of thousands of deaths and the economic loss around the world.

Count on the far left loon apologists to defend China and falsely blame it on our great president whose closure of flights from China saved countless lives.

The president is following the advice of the health professionals and the states are opening their economies following the guidelines.
 
Your advice to Trump is go full nuclear on China? (Earl, if we're to timid to confront NK, what makes you think attacking China is in the cards?) Sad.



Earl said:
The source of the virus from China is China. They lied about the source and their number of fatalities. They would not share data with our health professionals that might have mitigated their virus from China. They nailed shut the doors of those with the virus from China They did not stop flights out of China and the virus from China spread around the world.

China must be held accountable for the hundreds of thousands of deaths and the economic loss around the world.

Count on the far left loon apologists to defend China and falsely blame it on our great president whose closure of flights from China saved countless lives.

The president is following the advice of the health professionals and the states are opening their economies following the guidelines.
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floridafan said:
You neglected a couple of points
1. 1.5 million new people filed for unemployment benefits
2. States are beginning to close down once again. More job loss to follow.
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brain dead again.
You hate American success because it reflect well on the Trump economy.

Look at the rate -it includes new claims -which is published here..
Seriously go suck a lemon -you brain dead sourpuss
 
anatta said:
brain dead again.
You hate American success because it reflect well on the Trump economy.

Look at the rate -it includes new claims -which is published here..
Seriously go suck a lemon -you brain dead sourpuss
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No it does not count new claims, you lying biatch.
AZ, CA, TX, FL, GA are getting hit so badly with the virus, that they are closing businesses down. This is a direct result of your kind refusing to wear masks and not taking this virus seriously.
 
floridafan said:
No it does not count new claims, you lying biatch.
AZ, CA, TX, FL, GA are getting hit so badly with the virus, that they are closing businesses down. This is a direct result of your kind refusing to wear masks and not taking this virus seriously.
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WTF are you yammering about?
The rate counts new claims -it's a truncated report- but the numbers are solid.

Now go sulk about it and hope for the worse next month - all Dems want
 
anatta said:
its the RATE of recovery you brain dead hag
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You have no idea of what you are talking about. What gonna happen to this economy when unemployment benefits run out in a few weeks?
Whats gonna happen to the millions of people who cannot pay their rent or mortgages.
Whats gonna happen to the massive debts we have incurred?

It gonna take years to cure this, assuming we even can.
 
floridafan said:
You have no idea of what you are talking about. What gonna happen to this economy when unemployment benefits run out in a few weeks?
Whats gonna happen to the millions of people who cannot pay their rent or mortgages.
Whats gonna happen to the massive debts we have incurred?

It gonna take years to cure this, assuming we even can.
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it's not a magic wand, dullard/
UE still gets paid to new claims. But there has to be jobs to go back too.

we are still at 11% but it's coming down in chunks -which means the recovery is more then a plateau but not a v.
we had to SHUTDOWN THE ENTIRE ECONOMY for like 60+ days?
Then add in the damage from the riots and looters that cost a lot of retail jobs.

Despite all this we are smashing expectations month after month -which is how you measure a recovery

The Trump economy was so good we are bouncing back much quicker then "expectations"
 
anatta said:
it's not a magic wand, dullard/
UE still gets paid to new claims. But there has to be jobs to go back too.

we are still at 11% but it's coming down in chunks -which means the recovery is more then a plateau but not a v.
we had to SHUTDOWN THE ENTIRE ECONOMY for like 60 day? Then add in the damage from the riots and looters that cost a lot or retail jobns.

Despite asll this we are smashing expectations month after month -which is how you measure a recovery

The Trump economy was so good we are bouncing back much quicker then "expectations"
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You must be a believer in fairy tales.
 
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