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Monster jobs report | Money Talk
Monster jobs report Posted on 10/4/24 at 9:20 am
Posted by SlidellCajun Slidell la
Member since May 2019
16298 posts
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%.
6 31 Posted by SlidellCajun Slidell la
Member since May 2019
16298 posts
Sorry Didn’t see the other thread
1 2 Posted by TJack BR
Member since Dec 2018
3059 posts
Well then why do we need another rate drop if things are going so smoothly?
30 0 I have some beachfront property to sell you in North Dakota
26 2 Posted by SDVTiger Cabo San Lucas
Member since Nov 2011
96602 posts
MONSTER!!
3 0 Posted by SlidellCajun Slidell la
Member since May 2019
16298 posts
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
14 2 Posted by evil cockroach 27.98N // 86.92E
Member since Nov 2007
9089 posts
quote: I would argue that we didn’t need the last one and certainly don’t need another onethis
4 1 Posted by Warfox B.R. Native (now in MA)
Member since Apr 2017
3813 posts
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.
5 2 Posted by SloaneRanger Upper Hurstville
Member since Jan 2014
13460 posts
quote: Sorry Didn’t see the other thread Did you see that the “monster” report was driven by 785k “government” jobs? Truly unbelievable.
5 4 Posted by The Torch DFW The Dub
Member since Aug 2014
28975 posts
Wow just in time.
1 3 TD Sponsor TD Fan USA Member since 2001
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Posted by Fat Bastard alter hunter
Member since Mar 2009
90231 posts
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
8 4 Posted by beaverfever Arkansas
Member since Jan 2008
35921 posts
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.
2 1 Posted by kywildcatfanone Wildcat Country!
Member since Oct 2012
138417 posts
Democrats October surprise, just in time to fool early voters
5 4 Posted by 756 Member since Sep 2004
15851 posts
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
4 3 Posted on 10/5/24 at 2:49 am to 756 0 3 Posted by SurfOrYak BR/MsDelta
Member since Jul 2015
422 posts
Meanwhile, the stock market rallies on this economic news and the Dow reached another record high…
1 0 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.
0 2 Posted by SalE At the beach
Member since Jan 2020
3049 posts
How many are government jobs?
0 0 Posted by bigjoe1 Member since Jan 2024
1698 posts
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.
0 0
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