June jobs growth jumps with 213K jobs added while unemployment rises to 4%

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sanfordandson
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June jobs growth jumps with 213K jobs added while unemployment rises to 4%

Post by sanfordandson » Fri Jul 06, 2018 10:12 am

https://www.foxbusiness.com/markets/jun ... ment-rises
The U.S. economy added a higher-than-expected number of jobs in June, with 213,000 positions created versus analysts’ expectations for 195,000.

The unemployment rate moved higher, off an 18-year low, to 4% from May’s 3.8%. Economists say the slight move higher is a positive as it reflects more workers entering the workforce after sitting on the sidelines, drawn by the plethora of jobs. In June, 601,000 Americans entered the labor force, and not all found jobs.

This trend comes as companies are bemoaning the lack of available labor.

Economists polled by Thomson Reuters anticipated that the unemployment rate would hold steady at May’s 3.8%, which was the lowest since April 2000.

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Re: June jobs growth jumps with 213K jobs added while unemployment rises to 4%

Post by RevTheory » Fri Jul 06, 2018 10:32 am

The only thing that can happen now is middle-class wage increases, just like Donald Trump said would happen. Just in time for the midterms, too!

Winning! \:D/

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Re: June jobs growth jumps with 213K jobs added while unemployment rises to 4%

Post by mk e » Fri Jul 06, 2018 10:38 am

That or a recession kicked off by the tariffs ;)
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sanfordandson
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Re: June jobs growth jumps with 213K jobs added while unemployment rises to 4%

Post by sanfordandson » Fri Jul 06, 2018 10:48 am

mk e wrote:
Fri Jul 06, 2018 10:38 am
That or a recession kicked off by the tariffs ;)
Most likely scenario.

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Re: June jobs growth jumps with 213K jobs added while unemployment rises to 4%

Post by mk e » Fri Jul 06, 2018 10:50 am

sanfordandson wrote:
Fri Jul 06, 2018 10:48 am
mk e wrote:
Fri Jul 06, 2018 10:38 am
That or a recession kicked off by the tariffs ;)
Most likely scenario.
I said way back when rump won the nomination it was almost for the best from republicans if he lost because a recession was almost certain during the term so better to blame it on Hillary. Now it will be blamed on Republicans
Mark
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Re: June jobs growth jumps with 213K jobs added while unemployment rises to 4%

Post by RevTheory » Fri Jul 06, 2018 10:54 am

Sorry fellas, but you've been wrong every time and the sky isn't falling.

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Re: June jobs growth jumps with 213K jobs added while unemployment rises to 4%

Post by sanfordandson » Fri Jul 06, 2018 11:02 am

mk e wrote:
Fri Jul 06, 2018 10:50 am

I said way back when rump won the nomination it was almost for the best from republicans if he lost because a recession was almost certain during the term so better to blame it on Hillary. Now it will be blamed on Republicans
Correct...8 straight years of job growth has to come to a halt sometime. I think it will be a very ABRUPT stop.

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Re: June jobs growth jumps with 213K jobs added while unemployment rises to 4%

Post by exhaustgases » Fri Jul 06, 2018 12:13 pm

What fuels unemployment with more jobs than workers is, the increasing of the minimum wage for fast food and other such places. It now costs about 10 to 12 bucks to go to Micky D's to have a burger fries and drink. Its a good thing that they are pricing themselves out of business because its healthier just not to buy the crap in the first place. But that is what a nice high minimum wage will do to fast food, it will be gone soon. Ha ha ha and what does it remind us of??????????? Yes the wonderful demoncrats TAKING SOMETHING AWAY FROM US. One way or another they will figure out how to take things away from us. SO ALL YOU DEMONCRATS WHAT ARE YOU ALL WILLING TO GIVE UP FOR YOU POLITICAL PARTY, and their religion?

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Re: June jobs growth jumps with 213K jobs added while unemployment rises to 4%

Post by mk e » Mon Jul 09, 2018 8:26 am

exhaustgases wrote:
Fri Jul 06, 2018 12:13 pm
What fuels unemployment with more jobs than workers is, the increasing of the minimum wage for fast food and other such places.
No, more workers entered the job market than jobs were created. June is graduation month so a fresh crop of high school and college grads officially in the job market.
Mark
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