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Started By
Message
re: Jobs number blows out expectations - 528k vs 268k expectation, unemployment falls to 3.5%
Posted on 8/5/22 at 1:00 pm to slackster
Posted on 8/5/22 at 1:00 pm to slackster
quote:
Robert Luther
@RobertLutherFL
· 4h
Replying to @cvpayne and @PressSec
how is it possible we “added” 528,000 jobs, but 136,000 fewer are employed than in May?
quote:
Charles V Payne
@cvpayne
·
3h
Household Survey
Full Time -71,000
Part Time +384,000
Multiple Jobs +92,000
3
Posted on 8/5/22 at 1:23 pm to TigerTatorTots
Numbers are being fudged. I still say we don't see the hit until winter or early next year
Posted on 8/5/22 at 1:25 pm to TigerTatorTots
Labor particpation took 400k out of the work force
Posted on 8/6/22 at 10:30 am to TigerTatorTots
quote:
Household Survey Full Time -71,000 Part Time +384,000 Multiple Jobs +92,000
For what it’s worth, the jobs number comes from payroll data, not the household survey. Payroll data says there have been over 900k jobs added in June/July.
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