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Jobs Growth Soars, Record Working And Unemployment At 50-Year Low!

Reagan

By Reagan
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UT alum

UT alum

Posted
Posted
On 12/6/2019 at 3:01 PM, Reagan said:

No wonder the other side is trying to push the impeachment hoax.  THAT'S ALL THEY GOT!!

This is the hidden content, please

Jobs always jump in November. Christmas season hires. Let’s see what January and February look like before you crow too loudly.  No one mentions the part of the report citing stagnant wages. If working more for less is progress, chime on.

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LumRaiderFan

LumRaiderFan

Posted
Posted
14 minutes ago, UT alum said:

Jobs always jump in November. Christmas season hires. Let’s see what January and February look like before you crow too loudly.  No one mentions the part of the report citing stagnant wages. If working more for less is progress, chime on.

Yeah, let’s ignore the last three years and record unemployment.  

Must be hard to keep yourself in a constant state of miserable.

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baddog

baddog

Posted
Posted
21 minutes ago, UT alum said:

Jobs always jump in November. Christmas season hires. Let’s see what January and February look like before you crow too loudly.  No one mentions the part of the report citing stagnant wages. If working more for less is progress, chime on.

Christmas hires.....LMFAO. Except for the retailers, most things tend to slow during the holidays.

After January and February, then it will be “ let’s see how March and April do”

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stevenash

stevenash

Posted
Posted
6 hours ago, UT alum said:

Jobs always jump in November. Christmas season hires. Let’s see what January and February look like before you crow too loudly.  No one mentions the part of the report citing stagnant wages. If working more for less is progress, chime on.

Wages are up more under three years of Trump than they were in 8 years with Obama.   Additionally, the increase for the lower half of wage earners is greater than the the increase for the upper half.

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Kountzer

Kountzer

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Posted
15 minutes ago, baddog said:

NEVER, NEVER, NEVER said one freakin word about Obama’s deficit. Not one word. You have very little character and no conviction, although you act as if you do.

YOU and all the maga minions on this board and elsewhere complained, complained, complained about the deficit under President Obama.  Under Trump you don't say anything, you don't see anything, but what you want to see.   You are the one with little character.

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stevenash

stevenash

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Posted

I complained more about the DEBT ( not the deficit) under Obama than anyone else did during those years and will take credit for it.  It increased more under him than all of his predecessors combined.  It is still growing and I find that very troubling.  However, to suggest/infer that everything was wonderful under Mr. Obama is  pathetic.    I also love the constant complaints about how divided this country is as though it was fine until 2016 and then suddenly changed.

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baddog

baddog

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2 hours ago, stevenash said:

I complained more about the DEBT ( not the deficit) under Obama than anyone else did during those years and will take credit for it.  It increased more under him than all of his predecessors combined.  It is still growing and I find that very troubling.  However, to suggest/infer that everything was wonderful under Mr. Obama is  pathetic.    I also love the constant complaints about how divided this country is as though it was fine until 2016 and then suddenly changed.

Yes, the debt too, to which the deficit contributes.

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stevenash

stevenash

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Posted

Broad based pickup in hiring activity

The momentum in hiring activity in the private sector is starting to pick up after slowing in the fall. The 3-month moving average private payrolls growth accelerated to 205k from just 156k in September. We experienced solid employment activity across most sectors. The manufacturing sector added 54k workers. Even excluding the return of GM-UAW workers, the manufacturing sector added a trend-like 13k workers to payrolls. In the service-providing sector, transportation and warehousing (+16k), education and health (+74k) hired at an above trend pace while other sectors such as financial activities (+13k), professional and business services (+38k) and leisure and hospitality (+45k) remained on trend. Overall, it appears that employers continue feel the need to hire to meet demand and any concerns around a protracted US-China trade negotiations have yet to translate into weaker employment activity.

Healthy wage gains

Average hourly earnings grew by 0.2% mom or 3.1% yoy in November, somewhat weaker than expectations. That said, October numbers were revised higher to 0.4% mom and 3.2% yoy, suggesting that the momentum in wage growth has picked up somewhat. This momentum should carry forward as the unemployment rate ticked lower to 3.5% in November from 3.6% in October and other measures of slack such as the underemployment rate are back to cyclical lows. In additional, the flat trend in the labor force participation rate in recent quarters suggest that there aren't many workers left to return to the workforce which should put upward pressure on wages as employers fight for the dwindling labor supply.

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UT alum

UT alum

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Posted
3 hours ago, stevenash said:

Broad based pickup in hiring activity

The momentum in hiring activity in the private sector is starting to pick up after slowing in the fall. The 3-month moving average private payrolls growth accelerated to 205k from just 156k in September. We experienced solid employment activity across most sectors. The manufacturing sector added 54k workers. Even excluding the return of GM-UAW workers, the manufacturing sector added a trend-like 13k workers to payrolls. In the service-providing sector, transportation and warehousing (+16k), education and health (+74k) hired at an above trend pace while other sectors such as financial activities (+13k), professional and business services (+38k) and leisure and hospitality (+45k) remained on trend. Overall, it appears that employers continue feel the need to hire to meet demand and any concerns around a protracted US-China trade negotiations have yet to translate into weaker employment activity.

Healthy wage gains

Average hourly earnings grew by 0.2% mom or 3.1% yoy in November, somewhat weaker than expectations. That said, October numbers were revised higher to 0.4% mom and 3.2% yoy, suggesting that the momentum in wage growth has picked up somewhat. This momentum should carry forward as the unemployment rate ticked lower to 3.5% in November from 3.6% in October and other measures of slack such as the underemployment rate are back to cyclical lows. In additional, the flat trend in the labor force participation rate in recent quarters suggest that there aren't many workers left to return to the workforce which should put upward pressure on wages as employers fight for the dwindling labor supply.

Thanks for the info. What is the source?

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