The U.S. economy added 130,000 jobs in August, showing a consistent slowdown due to global economic expectations. The unemployment rate stayed the same at 3.7 percent.
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August Jobs Report: 130,000 Jobs Added, Unemployment Stays At 3.7 Percent | Morning Joe | MSNBC
Full or part-time jobs? Permanent, or time/contract limited? Assured work, or zero-hours work in the gig economy? Minimum wage or over, or supplementary-reliant (eg commission-based)? Just saying ‘jobs created’ is an empty, easy metric – it’s the quality and worth and calibre of the jobs that matters. We have three cleaners at work who come in once a week each, doing about an hour’s work – in total, that’s not even a half-day’s work between the three of them, but should we say we employ three people, or should it be considered that there are three jobs there? These numbers are Meaningless without an in-depth analysis of What jobs, exactly, are being ‘created’.
Really??? What kind of jobs? I work at home as an independent contractor. I’m an accountant, beautician, cook, doctor, driver, gardner, interior decorator, lawyer, and/or writer. I’m not providing my services for free/slave wages. I started cancelling alot of services because I can do it by myself. I don’t go to the doctor/dentist anymore either. I told my daughter to ask for a job description when applying for a job. I’ve done it to. The shop never called me back.
Remember the negative 500,000 jobs correction from last month. Keep a healthy skepticism of any and all numbers coming from the highly dishonest Trump Regime.
That’s a lie. There was no 500,000 jobs correction last month.
@DesignatedOperator Google “500,000 jobs less.”
That wasn’t just for the month😂
@Logan McLean I didn’t say it was.
Folks ignore the 🤢trolls🤢
Register And Vote Blue!
Thank you 😊.
@Tidbit . Actually, Obama came into office with a 7.6% unemployment rate in January 2009. Several months later in October 2009, Obama raised the unemployment rate to 10%.
@William Crowley . Actually, the trend that Obama set is a pathetic 1.6% growth in GDP. With Trump, we have a GDP growth of 3%.
@DesignatedOperator Were you born yesterday? Seriously! That’s your come back, how about you do your research into the recession and which party/President caused it, then you’ll see that you can’t blame that on Obama, just like you can’t credit Trump with Obama’s fine recovery. After 2.5 years though, we can start to look at the Trump effect on the economy: The markets are up then their down – bouncing all over the place, wages have not increased as much as inflation so they are effectively falling, and the average number of jobs per month have fallen when they should have gone upward. Trump took a rising economy and he tanked it, with tariffs on allies and a trade war with China, now the bond yield curve is negative which usually indicates that a recession is coming.(Although I don’t think a recession is coming until late next year, after the yield curve returns positive for a few months, then goes back negative, then wait about 6 months)
DesignatedOperator try again. Trumps highest is 2.9%, same as Obama.
https://www.thebalance.com/us-gdp-by-year-3305543
DesignatedOperator furthermore. If you look at the data, you will find that the economy Obama inherited through 2009 had the gdp growth down to -2.5%, the following year his policies had managed to bounce it back to 2.6%. That is a growth of 5.1%. But then again, those are facts and trump cultists don’t like facts.
Seriously, there should be a breakdown of permanent, temporary, and part-time work. Having to work three jobs to make ends meet is just ridiculous.
That was actually worse under Obama. More people under his administration needed 2 or more jobs. Under Trump, most people have or need only 1 job. Trump is improving the economy in every way.
You said it!
I wouldn’t brag about a 3% wage increase b/c most Americans don’t make $15/hr! 3% is under $1! Compare that to what CEO’s and corporations are getting. I don’t know anyone who’s happy w/ Trump in office. This year alone, teachers and school staff have either lost their job (even w/ 20 years!), are being cut, and/or losing their healthcare! Millions of Americans lost their healthcare thanks to Trump! I don’t know how anyone can say “it’s better under Trump”. They need to take a long, hard look at people around the nation and see reality.
@DesignatedOperator YES! https://www.foxbusiness.com/economy/amazon-netflix-chevron-ibm-federal-taxes-trump-tax-law
Waiting for a NOA map to appear in the Oval Office showing 4 million jobs created in Alabama alone.
What are these jobs? Where are these jobs?
Just a hundred and thirty thousand August is usually a slow month for jobs anyways
How much do these jobs pay? what benefits?, how many hours?
The wages, hours and benefits are better now than under the Obama administration.
OPINION:
IF THERE IS , EX., 5% ADDITION, IT’S SLOW BECAUSE IT’S NOT 10%.
SO, IT’S NOT QUITE SUCCESSFUL FOR TRUMP’S ADMINSTRATION.
ALWAYS TRY TO FIND A REASON TO ATTACK.
DISSATISFACTION FROM SO-CALLED EXPECTATION IN 2 WEEKS.
THAT’S THE POINT.
Well that’s good news that the recession fears may be staved off for a bit I guess
That 130,000 number will be revised down.
Or it will be revised up.
Yeah and reports are so positive.. oh nvm another correction of 500k.. lost jobs….. how to believe idiots.
Nobody with half a brain thinks the unemployment rate is 3.7%
Economy is about to collapse.
The narrative that Trump has created a recent “economic miracle” is ridiculous fiction. Amid continually rising inequality and a recession that’s ongoing for a huge swath of people, living standards are either stagnating or worsening. For the average person, the supposed economic boom of the last two years hasn’t been materially perceptible. Real wage growth has fallen since 2006, and it only increased 1.9% in 2018. Around half of Americans are poor by modern standards, 6 in 10 don’t have more than $1000 in savings, and American household debt is at a record high. A recent study has even shownthat 43% of American families can’t afford a monthly budget that covers housing, food, child care, healthcare, transportation and a cell phone.
https://ghionjournal.com/theres-another-crash-coming-and-weve-got-to-be-ready/
The narrative that Trump has created a recent “economic miracle” is ridiculous fiction. Amid continually rising inequality and a recession that’s ongoing for a huge swath of people, living standards are either stagnating or worsening. For the average person, the supposed economic boom of the last two years hasn’t been materially perceptible. Real wage growth has fallen since 2006, and it only increased 1.9% in 2018. Around half of Americans are poor by modern standards, 6 in 10 don’t have more than $1000 in savings, and American household debt is at a record high. A recent study has even shownthat 43% of American families can’t afford a monthly budget that covers housing, food, child care, healthcare, transportation and a cell phone.
https://ghionjournal.com/theres-another-crash-coming-and-weve-got-to-be-ready/
Canadian factories get their Chinese inputs 25% cheaper, thanks to China’s currency devaluation.
Americans may not be paying the tariffs, but their factories are missing out on the 25% off SALE.
I dunno why people bother with the federal unemployment rate, it’s not even remotely accurate.
Now watch as they pull a rabbit out of a hat.
Don’t forget to subtract the 500000 jobs that Trump’s administration will “overstate” again.