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Started By
Message
U.S. economy added 353,000 jobs in January
Posted on 2/2/24 at 8:00 am
Posted on 2/2/24 at 8:00 am
quote:
Job growth posted a surprise increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth.
Nonfarm payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000, the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate held at 3.7%, against the estimate for 3.8%.
Wage growth also showed strength, as average hourly earnings increased 0.6%, double the monthly estimate. On a year-over-year basis, wages jumped 4.5%, well above the 4.1% forecast. The wage gains came amid a decline in average hours worked, down to 34.1, or 0.2 hour lower.
Job growth was widespread on the month, led by professional and business services with 74,000. Other significant contributors included health care (70,000), retail trade (45,000), government (36,000), social assistance (30,000) and manufacturing (23,000).
The report also indicated that December’s job gains were much better than originally reported. The month posted a gain of 333,000, which was an upwards revision of 117,000 from the initial estimate. November also was revised higher, to 182,000, or 9,000 higher than the last estimate.
While the report demonstrated the resilience of the U.S. economy, it also could raise questions about how soon the Federal Reserve will be able to lower interest rates.
LINK
quote:
@byheatherlong
353,000 jobs were added in January. Strong hiring across the board
Biz +74,000
Healthcare +70,000
Retail +45,000
Gov't +36,000
Social aid +30,000
Manufacturing +23,000
Information +15,000 (Film industry +12,000)
Construction +11,000
Hospitality +11,000
Warehouse +5,500
Posted on 2/2/24 at 8:01 am to RLDSC FAN
So are these the real numbers or will they get "adjusted" 6 months from now?
Posted on 2/2/24 at 8:02 am to RLDSC FAN
quote:
Gov't +36,000
Social aid +30,000
Posted on 2/2/24 at 8:02 am to RLDSC FAN
quote:
353,000 jobs were added in January.
This is another lie. Remember last year when they said 800k jobs were created in Jan
Posted on 2/2/24 at 8:03 am to RLDSC FAN
Posted on 2/2/24 at 8:04 am to RLDSC FAN
(no message)
This post was edited on 3/13/24 at 7:32 am
Posted on 2/2/24 at 8:04 am to RLDSC FAN
Go look at individual state unemployment numbers.
That story isn’t matching the feds unemployment numbers. Someone is full of shite. I know where my money is at.
That story isn’t matching the feds unemployment numbers. Someone is full of shite. I know where my money is at.
Posted on 2/2/24 at 8:05 am to RLDSC FAN
Yea... That's a complete bunch of Horse shite!!
Posted on 2/2/24 at 8:05 am to RLDSC FAN
I have a few different businesses. All in all our operations added close to 2500 employees in January. Expect this to be a big top line revenue year for a lot of companies across many industries.
And it’s an election year, will be interesting to see how everything ends up come November/December.
And it’s an election year, will be interesting to see how everything ends up come November/December.
This post was edited on 2/2/24 at 8:29 am
Posted on 2/2/24 at 8:06 am to RLDSC FAN
Lots of people crying fake news at any positive economy news.
Posted on 2/2/24 at 8:18 am to RLDSC FAN
Election year data
Posted on 2/2/24 at 8:19 am to RLDSC FAN
Something is not adding up here. All I've read about and experienced with friends and family is layoffs within the last few months. How they're calculating these numbers is unknown to me
Posted on 2/2/24 at 8:21 am to RLDSC FAN
So nearly 20% of this number that will be significantly adjusted downward in a few months is tax payer funded. I'm confused as to why these job reports are rolled out as a positive when a large portion signals a growth of the already ridiculously bloated gov workforce. Those numbers should be excluded. They represent a drain on society.
Posted on 2/2/24 at 8:22 am to RLDSC FAN
If I want the truth I just look at my bank account. I do well and I make roughly 50k more than I did in 2020 and I have less to show for it.
Posted on 2/2/24 at 8:23 am to RLDSC FAN
353000 border crossers enlisted in the military
Posted on 2/2/24 at 8:27 am to RLDSC FAN
Yay more assholes moving to Texas to ruin things even more!
Posted on 2/2/24 at 8:33 am to RLDSC FAN
Yeah. Now look at the nation debt. USA economy is a house of cards propped up by trillion dollar government deficit spending.
One day it will all come crashing down.
One day it will all come crashing down.
Posted on 2/2/24 at 8:35 am to RLDSC FAN
I’m curious how many “jobs” are actually low paying part time jobs that people are picking up to make ends meet.
Posted on 2/2/24 at 8:40 am to RLDSC FAN
Yeh... I dont trust anything from the government anymore.
These are bogus numbers just like the polls suggesting Mr. Potato head is leading in the poolls.
These are bogus numbers just like the polls suggesting Mr. Potato head is leading in the poolls.
Posted on 2/2/24 at 9:16 am to RLDSC FAN
From an article last week.
But I'm sure the jobs report for January 2024 is legit and the economy is strong.
quote:
"The government quietly erased 439,000 jobs through November 2023, a closer look at the numbers from the Bureau of Labor Statistics shows."
"Today, U.S. labor force participation is at a historically low 62.5%."
"A record high 8.69 million people now hold multiple jobs to make ends meet. The economy lost 1.5 million full-time workers since June of last year, while adding 796,000 part-time workers."
But I'm sure the jobs report for January 2024 is legit and the economy is strong.
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