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Started By
Message
Monster jobs report
Posted on 10/4/24 at 9:20 am
Posted on 10/4/24 at 9:20 am
Holy cow. Didn’t see this coming and it’ll probably get a big adjustment next month but it’s really good news for the economy as it stands
Nonfarm payrolls grew by 254,000 jobs in September. The far forecasted gain was 150,000 from economists polled by Dow Jones. The unemployment rate ticked down to 4.1% despite expectations for it to hold steady at 4.2%.
Nonfarm payrolls grew by 254,000 jobs in September. The far forecasted gain was 150,000 from economists polled by Dow Jones. The unemployment rate ticked down to 4.1% despite expectations for it to hold steady at 4.2%.
8
Posted on 10/4/24 at 9:21 am to SlidellCajun
Sorry
Didn’t see the other thread
Didn’t see the other thread
Posted on 10/4/24 at 9:22 am to SlidellCajun
Well then why do we need another rate drop if things are going so smoothly?
Posted on 10/4/24 at 9:22 am to SlidellCajun
I have some beachfront property to sell you in North Dakota
Posted on 10/4/24 at 9:28 am to SlidellCajun
MONSTER!!
Posted on 10/4/24 at 9:29 am to TJack
I would argue that we didn’t need the last one and certainly don’t need another one
Posted on 10/4/24 at 9:37 am to SlidellCajun
quote:this
I would argue that we didn’t need the last one and certainly don’t need another one
Posted on 10/4/24 at 11:03 am to TJack
quote:
Well then why do we need another rate drop if things are going so smoothly?
Historically, we know what rate-cuts portend for the Market, and the number of planned cuts also speak to the severity of said portents.
Count me in as being ALL IN for a threaded needle soft landing with strippers and blow, and boats and ho's...but color me skeptical.
Posted on 10/4/24 at 12:15 pm to SlidellCajun
quote:
Sorry Didn’t see the other thread
Did you see that the “monster” report was driven by 785k “government” jobs? Truly unbelievable.
Posted on 10/4/24 at 1:06 pm to SlidellCajun
Wow just in time.
Posted on 10/4/24 at 1:09 pm to SloaneRanger
quote:
Did you see that the “monster” report was driven by 785k “government” jobs? Truly unbelievable.
was about to ask
1) how many gubment jobs?
3) how many part time jobs
3) how many of these jobs went to illegal aliens
we have been bleeding private sector full time jobs under this dogshit admin
Posted on 10/4/24 at 1:25 pm to The Torch
Rate cuts are coming regardless of the job market or inflation. My understanding is that they have to in order to refinance all the debt that is set to expire.
Posted on 10/4/24 at 4:29 pm to SlidellCajun
Democrats October surprise, just in time to fool early voters
Posted on 10/4/24 at 5:52 pm to kywildcatfanone
and just in time to hurt home builders who needed lower rates to build new homes and to hurt home buyers trying to buy homes
It is hard to trust Fed job reports when its 30 days out from a presidential election
It is hard to trust Fed job reports when its 30 days out from a presidential election
Posted on 10/5/24 at 2:49 am to 756
quote:fake, fake, fake..amrite??
It is hard to trust Fed job reports when its 30 days out from a presidential election
Posted on 10/5/24 at 7:58 am to SlidellCajun
Meanwhile, the stock market rallies on this economic news and the Dow reached another record high…
Posted on 10/5/24 at 8:09 am to Fat Bastard
quote:
was about to ask
1) how many gubment jobs?
All of them.
When you remove the seasonality adjustment, you’ll find that all of these reported jobs were government jobs.
Posted on 10/5/24 at 10:22 am to SlidellCajun
How many are government jobs?
Posted on 10/5/24 at 10:55 am to SalE
quote:
Establishment Survey Data
Total nonfarm payroll employment increased by 254,000 in September, higher than the average
monthly gain of 203,000 over the prior 12 months. In September, employment continued to trend
up in food services and drinking places, health care, government, social assistance, and
construction. (See table B-1.)
Employment in food services and drinking places rose by 69,000 in September, well above the
average monthly gain of 14,000 over the prior 12 months.
Health care added 45,000 jobs in September, below the average monthly gain of 57,000 over the
prior 12 months. Over the month, employment rose in home health care services (+13,000),
hospitals (+12,000), and nursing and residential care facilities (+9,000).
Employment in government continued its upward trend in September (+31,000). Government had an
average monthly gain of 45,000 jobs over the prior 12 months. Over the month, employment
continued to trend up in local government (+16,000) and state government (+13,000).
Employment in social assistance increased by 27,000 in September, primarily in individual and
family services (+21,000). Over the prior 12 months, social assistance had added an average of
21,000 jobs per month.
Construction employment continued to trend up in September (+25,000), similar to the average
monthly gain over the prior 12 months (+19,000). Over the month, nonresidential specialty
trade contractors added 17,000 jobs.
Employment showed little change over the month in other major industries, including mining,
quarrying, and oil and gas extraction; manufacturing; wholesale trade; retail trade;
transportation and warehousing; information; financial activities; professional and business
services; and other services.
Here's the breakdown from the BLS site.
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