Quote:Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow the economy, the Labor Department reported Friday.

Nonfarm payrolls increased 263,000 for the month, compared to the Dow Jones estimate of 275,000.

The unemployment rate was 3.5% vs the forecast of 3.7% as the labor force participation rate edged lower to 62.3% and the size of the labor force decreased by 57,000. A more encompassing measure that includes discouraged workers and those holding part-time jobs for economic reasons saw an even sharper decline, to 6.7% from 7%.

September’s payroll figure marked a deceleration from the 315,000 gain in August and tied for the lowest monthly increase since April 2021.

Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong

Not in link, July was revised up 11k to +537k. August remained at the original reported +315k.

JOE BIDEN IS THE GREATEST PRESIDENT EVVVVERRRR !!!!

Only number anyone needs to know. 62.3%. Look for a .75% bump next month too. Boy, we are headed in the right direction.

(10-07-2022 09:31 AM)Redwingtom Wrote:  

Quote:Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow the economy, the Labor Department reported Friday.

Nonfarm payrolls increased 263,000 for the month, compared to the Dow Jones estimate of 275,000.

The unemployment rate was 3.5% vs the forecast of 3.7% as the labor force participation rate edged lower to 62.3% and the size of the labor force decreased by 57,000. A more encompassing measure that includes discouraged workers and those holding part-time jobs for economic reasons saw an even sharper decline, to 6.7% from 7%.

September’s payroll figure marked a deceleration from the 315,000 gain in August and tied for the lowest monthly increase since April 2021.

Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong

Not in link, July was revised up 11k to +537k. August remained at the original reported +315k.

Bold part doesn't make sense. If an economy cools then it's natural for unemployment rate to decline. Not sure what the "despite efforts by the Federal Reserve " is all about unless I'm reading this wrong.

libturds so desperate for a win they are posting this wondering if its a win or not....

Gridlocked Senate

(10-07-2022 09:35 AM)VA49er Wrote:  

(10-07-2022 09:31 AM)Redwingtom Wrote:  

Quote:Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow the economy, the Labor Department reported Friday.

Nonfarm payrolls increased 263,000 for the month, compared to the Dow Jones estimate of 275,000.

The unemployment rate was 3.5% vs the forecast of 3.7% as the labor force participation rate edged lower to 62.3% and the size of the labor force decreased by 57,000. A more encompassing measure that includes discouraged workers and those holding part-time jobs for economic reasons saw an even sharper decline, to 6.7% from 7%.

September’s payroll figure marked a deceleration from the 315,000 gain in August and tied for the lowest monthly increase since April 2021.

Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong

Not in link, July was revised up 11k to +537k. August remained at the original reported +315k.

Bold part doesn't make sense. If an economy cools then it's natural for unemployment rate to decline. Not sure what the "despite efforts by the Federal Reserve " is all about unless I'm reading this wrong.

It's just bad reporting. The economy is so bad that people are having to go back to work and some can't afford to. That is what is going on. People are getting out of the workforce because it is cheaper for them to stay home and receive government assistance than get a job. October will show the layoffs beginning. New quarter. Of course, a recession will be defined from this month forward as THREE quarters of negative growth. Clownworld.

(10-07-2022 09:35 AM)VA49er Wrote:  

(10-07-2022 09:31 AM)Redwingtom Wrote:  

Quote:Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow the economy, the Labor Department reported Friday.

Nonfarm payrolls increased 263,000 for the month, compared to the Dow Jones estimate of 275,000.

The unemployment rate was 3.5% vs the forecast of 3.7% as the labor force participation rate edged lower to 62.3% and the size of the labor force decreased by 57,000. A more encompassing measure that includes discouraged workers and those holding part-time jobs for economic reasons saw an even sharper decline, to 6.7% from 7%.

September’s payroll figure marked a deceleration from the 315,000 gain in August and tied for the lowest monthly increase since April 2021.

Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong

Not in link, July was revised up 11k to +537k. August remained at the original reported +315k.

Bold part doesn't make sense. If an economy cools then it's natural for unemployment rate to decline. Not sure what the "despite efforts by the Federal Reserve " is all about unless I'm reading this wrong.

Means they are raising interest rates trying to slow inflation.

Quote:The Federal Reserve seeks to control inflation by influencing interest rates. When inflation is too high, the Federal Reserve typically raises interest rates to slow the economy and bring inflation down.

https://www.clevelandfed.org/en/our-rese...on%20down.

(10-07-2022 09:41 AM)UofMstateU Wrote:  libturds so desperate for a win they are posting this wondering if its a win or not....

I posted it, clown show, because it's news.

Feel free to go back to all the threads about what color Biden*s **** was today.

(10-07-2022 09:57 AM)Redwingtom Wrote:  

(10-07-2022 09:35 AM)VA49er Wrote:  

(10-07-2022 09:31 AM)Redwingtom Wrote:  

Quote:Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow the economy, the Labor Department reported Friday.

Nonfarm payrolls increased 263,000 for the month, compared to the Dow Jones estimate of 275,000.

The unemployment rate was 3.5% vs the forecast of 3.7% as the labor force participation rate edged lower to 62.3% and the size of the labor force decreased by 57,000. A more encompassing measure that includes discouraged workers and those holding part-time jobs for economic reasons saw an even sharper decline, to 6.7% from 7%.

September’s payroll figure marked a deceleration from the 315,000 gain in August and tied for the lowest monthly increase since April 2021.

Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong

Not in link, July was revised up 11k to +537k. August remained at the original reported +315k.

Bold part doesn't make sense. If an economy cools then it's natural for unemployment rate to decline. Not sure what the "despite efforts by the Federal Reserve " is all about unless I'm reading this wrong.

Means they are raising interest rates trying to slow inflation.

Quote:The Federal Reserve seeks to control inflation by influencing interest rates. When inflation is too high, the Federal Reserve typically raises interest rates to slow the economy and bring inflation down.

https://www.clevelandfed.org/en/our-rese...on%20down.

I know that's what they are trying to do, but that's not what the bold part says.

Here's an idea...if you want the value of the dollar to increase and inflation to decrease, stop printing money that we don't have and handing it to the lazy.

(10-07-2022 09:59 AM)VA49er Wrote:  

(10-07-2022 09:57 AM)Redwingtom Wrote:  

(10-07-2022 09:35 AM)VA49er Wrote:  

(10-07-2022 09:31 AM)Redwingtom Wrote:  

Quote:Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow the economy, the Labor Department reported Friday.

Nonfarm payrolls increased 263,000 for the month, compared to the Dow Jones estimate of 275,000.

The unemployment rate was 3.5% vs the forecast of 3.7% as the labor force participation rate edged lower to 62.3% and the size of the labor force decreased by 57,000. A more encompassing measure that includes discouraged workers and those holding part-time jobs for economic reasons saw an even sharper decline, to 6.7% from 7%.

September’s payroll figure marked a deceleration from the 315,000 gain in August and tied for the lowest monthly increase since April 2021.

Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong

Not in link, July was revised up 11k to +537k. August remained at the original reported +315k.

Bold part doesn't make sense. If an economy cools then it's natural for unemployment rate to decline. Not sure what the "despite efforts by the Federal Reserve " is all about unless I'm reading this wrong.

Means they are raising interest rates trying to slow inflation.

Quote:The Federal Reserve seeks to control inflation by influencing interest rates. When inflation is too high, the Federal Reserve typically raises interest rates to slow the economy and bring inflation down.

https://www.clevelandfed.org/en/our-rese...on%20down.

I know that's what they are trying to do, but that's not what the bold part says.

They raised rates to slow the economy, but it didn't as the unemployment rate went down. If the economy slows, the unemployment rate would likely go up.

(10-07-2022 09:45 AM)Eagleaidaholic Wrote:  Of course, a recession will be defined from this month forward as THREE quarters of negative growth.

I believe current forecasts are for a modest GDP increase in the 3rd quarter. Not a decrease.

(10-07-2022 09:35 AM)VA49er Wrote:  

(10-07-2022 09:31 AM)Redwingtom Wrote:  

Quote:Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow the economy, the Labor Department reported Friday.

Nonfarm payrolls increased 263,000 for the month, compared to the Dow Jones estimate of 275,000.

The unemployment rate was 3.5% vs the forecast of 3.7% as the labor force participation rate edged lower to 62.3% and the size of the labor force decreased by 57,000. A more encompassing measure that includes discouraged workers and those holding part-time jobs for economic reasons saw an even sharper decline, to 6.7% from 7%.

September’s payroll figure marked a deceleration from the 315,000 gain in August and tied for the lowest monthly increase since April 2021.

Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong

Not in link, July was revised up 11k to +537k. August remained at the original reported +315k.

Bold part doesn't make sense. If an economy cools then it's natural for unemployment rate to decline. Not sure what the "despite efforts by the Federal Reserve " is all about unless I'm reading this wrong.

Nope. UNemployment is supposed to go UP when the economy cools. The Fed is trying to slow the economy so inflation goes down---but unemployment continues to to stay low. That said---layoffs---especially in a tight labor market---typically is a lagging indicator of recession. In other words, after training and going through the worker learning curve----employers have an investment in an employee. When orders slow, employers do not immediately lay off workers. Instead, employers typically take a "wait and see" approach until it becomes clear no quick turn around in the level of new orders is in sight. Once they determining the slowdown is going to be extended---THATS when the layoffs begin.

(10-07-2022 10:12 AM)Attackcoog Wrote:  

(10-07-2022 09:35 AM)VA49er Wrote:  

(10-07-2022 09:31 AM)Redwingtom Wrote:  

Quote:Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow the economy, the Labor Department reported Friday.

Nonfarm payrolls increased 263,000 for the month, compared to the Dow Jones estimate of 275,000.

The unemployment rate was 3.5% vs the forecast of 3.7% as the labor force participation rate edged lower to 62.3% and the size of the labor force decreased by 57,000. A more encompassing measure that includes discouraged workers and those holding part-time jobs for economic reasons saw an even sharper decline, to 6.7% from 7%.

September’s payroll figure marked a deceleration from the 315,000 gain in August and tied for the lowest monthly increase since April 2021.

Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong

Not in link, July was revised up 11k to +537k. August remained at the original reported +315k.

Bold part doesn't make sense. If an economy cools then it's natural for unemployment rate to decline. Not sure what the "despite efforts by the Federal Reserve " is all about unless I'm reading this wrong.

Nope. UNemployment is supposed to go UP when the economy cools. The Fed is trying to slow the economy so inflation goes down---but unemployment continues to to stay low. That said---layoffs---especially in a tight labor market---typically is a lagging indicator of recession. In other words, after training and going through the worker learning curve----employers have an investment in an employee. When orders slow, employers do not immediately lay off workers. Instead, employers typically take a "wait and see" approach until it becomes clear no quick turn around in the level of new orders is in sight. Once they determining the slowdown is going to be extended---THATS when the layoffs begin.

After COVID, a lot of tech companies were built for growth. Now that growth projections are going to come under expectations, they will cut costs in order to make budget.

We should have seen a boom once the economy reopened. Late 2020 and early 2021 still saw lockdowns in some states (if not, masking), the service sector got hit hard and still hasn't recovered. Then inflation due to supply chain, over spending, and EO's making it harder to work.

so almost back to Trump levels. The Biden# disaster continues

(10-07-2022 09:31 AM)Redwingtom Wrote:  

Quote:Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow the economy, the Labor Department reported Friday.

Nonfarm payrolls increased 263,000 for the month, compared to the Dow Jones estimate of 275,000.

The unemployment rate was 3.5% vs the forecast of 3.7% as the labor force participation rate edged lower to 62.3% and the size of the labor force decreased by 57,000. A more encompassing measure that includes discouraged workers and those holding part-time jobs for economic reasons saw an even sharper decline, to 6.7% from 7%.

September’s payroll figure marked a deceleration from the 315,000 gain in August and tied for the lowest monthly increase since April 2021.

Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong

Not in link, July was revised up 11k to +537k. August remained at the original reported +315k.

I'm truly amazed at CNBC trying all they can to spin this as a positive. From the quote above....

the labor force participation rate edged lower to 62.3% and the size of the labor force decreased by 57,000. A more encompassing measure that includes discouraged workers and those holding part-time jobs for economic reasons saw an even sharper decline, to 6.7% from 7%.

CNBC's headline is a clear attempt to lie and manipulate the market.... but the comment about the unemplyment rate decling 'despite efforts by the fed' are clear acts of collusion with the Biden administration.

The article itself explains that the reason for the drop is that people have left the labor force and even more are discouraged about it. That's not AT ALL 'good news' as implied by these articles parroting the administration.

The media colluding with the Dem party? Nooooo. I don't believe it.

(10-07-2022 11:26 AM)oruvoice Wrote:  The media colluding with the Dem party? Nooooo. I don't believe it.

Yahoo headline is that it was a SOLID 260K jobs. Nothing like having a low forecast, missing it, and have the media call it "solid."

(10-07-2022 11:23 AM)Hambone10 Wrote:  

(10-07-2022 09:31 AM)Redwingtom Wrote:  

Quote:Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow the economy, the Labor Department reported Friday.

Nonfarm payrolls increased 263,000 for the month, compared to the Dow Jones estimate of 275,000.

The unemployment rate was 3.5% vs the forecast of 3.7% as the labor force participation rate edged lower to 62.3% and the size of the labor force decreased by 57,000. A more encompassing measure that includes discouraged workers and those holding part-time jobs for economic reasons saw an even sharper decline, to 6.7% from 7%.

September’s payroll figure marked a deceleration from the 315,000 gain in August and tied for the lowest monthly increase since April 2021.

Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong

Not in link, July was revised up 11k to +537k. August remained at the original reported +315k.

I'm truly amazed at CNBC trying all they can to spin this as a positive. From the quote above....

the labor force participation rate edged lower to 62.3% and the size of the labor force decreased by 57,000. A more encompassing measure that includes discouraged workers and those holding part-time jobs for economic reasons saw an even sharper decline, to 6.7% from 7%.

CNBC's headline is a clear attempt to lie and manipulate the market.... but the comment about the unemplyment rate decling 'despite efforts by the fed' are clear acts of collusion with the Biden administration.

The article itself explains that the reason for the drop is that people have left the labor force and even more are discouraged about it. That's not AT ALL 'good news' as implied by these articles parroting the administration.

All we need is a little more trickle down economics! We are just 1 more corporate tax cut away from them finally investing money in labor/wages and not enriching stock holders. The next cut will finally do it!!!