"Experts" Wrong Again: 162,000 Jobs Added in August

Diogenes said:
Initial BLS monthly payroll estimates were not more accurate during Biden’s presidency (2021–2025)
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Yes, it was. The mass layoffs have made things less accurate. Fewer of the numbers are being collected, now. There are more blanks being estimated.
 
Grokmaster said:
Not bad.



August jobs report delivers unexpectedly strong news for US economy​


The U.S. economy added a surprising 162,000 jobs in August, the Labor Department estimated Sept. 4, even as economists said a "low-hire, low-fire" dynamic made it difficult for unemployed Americans to find work.

The 162,000 estimate for August far surpassed forecasters’ expectations and marked a rebound after U.S. employers added a now-revised 21,000 jobs in July. The department previously estimated U.S. employers shed 23,000 jobs in July. Payroll gains for June were also revised higher, reflecting a stronger summer job market than previously thought.

~ Average hourly earnings for employees on private, nonfarm payrolls rose by 10 cents to $37.75 in August, the department said. They increased 3.1% over the year. The department’s next inflation report due out Sept. 11 will reveal whether paychecks kept up with inflation in August. They did not in July.





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Why is Trumps Labor Department so incompetent?
 
The sad fact is that Trump/Musk removed experienced experts from many public service jobs. He did that to control their output; government numbers can't be trusted now.
 
Nordberg said:
The sad fact is that Trump/Musk removed experienced experts from many public service jobs. He did that to control their output; government numbers can't be trusted now.
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Official data adjustments from the Bureau of Labor Statistics showed historically large downward benchmark revisions to job growth during the Biden administration, sparking major economic and political debate.

The actual fact is that number-fudging bureaucrats were fired.
 
Grokmaster said:
Not bad.



August jobs report delivers unexpectedly strong news for US economy​


The U.S. economy added a surprising 162,000 jobs in August, the Labor Department estimated Sept. 4, even as economists said a "low-hire, low-fire" dynamic made it difficult for unemployed Americans to find work.

The 162,000 estimate for August far surpassed forecasters’ expectations and marked a rebound after U.S. employers added a now-revised 21,000 jobs in July. The department previously estimated U.S. employers shed 23,000 jobs in July. Payroll gains for June were also revised higher, reflecting a stronger summer job market than previously thought.

~ Average hourly earnings for employees on private, nonfarm payrolls rose by 10 cents to $37.75 in August, the department said. They increased 3.1% over the year. The department’s next inflation report due out Sept. 11 will reveal whether paychecks kept up with inflation in August. They did not in July.





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So turns out not so much, lol.
 
Grokmaster said:
Not bad.



August jobs report delivers unexpectedly strong news for US economy​


The U.S. economy added a surprising 162,000 jobs in August, the Labor Department estimated Sept. 4, even as economists said a "low-hire, low-fire" dynamic made it difficult for unemployed Americans to find work.

The 162,000 estimate for August far surpassed forecasters’ expectations and marked a rebound after U.S. employers added a now-revised 21,000 jobs in July. The department previously estimated U.S. employers shed 23,000 jobs in July. Payroll gains for June were also revised higher, reflecting a stronger summer job market than previously thought.

~ Average hourly earnings for employees on private, nonfarm payrolls rose by 10 cents to $37.75 in August, the department said. They increased 3.1% over the year. The department’s next inflation report due out Sept. 11 will reveal whether paychecks kept up with inflation in August. They did not in July.





Click to expand...
Seattle lost 18,000 jobs, thanks to the idiot mayor there and the idiot governor in Washington.
 
Grokmaster said:
Not bad.



August jobs report delivers unexpectedly strong news for US economy​


The U.S. economy added a surprising 162,000 jobs in August, the Labor Department estimated Sept. 4, even as economists said a "low-hire, low-fire" dynamic made it difficult for unemployed Americans to find work.

The 162,000 estimate for August far surpassed forecasters’ expectations and marked a rebound after U.S. employers added a now-revised 21,000 jobs in July. The department previously estimated U.S. employers shed 23,000 jobs in July. Payroll gains for June were also revised higher, reflecting a stronger summer job market than previously thought.

~ Average hourly earnings for employees on private, nonfarm payrolls rose by 10 cents to $37.75 in August, the department said. They increased 3.1% over the year. The department’s next inflation report due out Sept. 11 will reveal whether paychecks kept up with inflation in August. They did not in July.





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Your links are not working idiot
 
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