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Is the labor market turning the corner? Recent data says yes
Posted on 11/6/26 at 7:44 pm
Posted on 11/6/26 at 7:44 pm
quote:
The October jobs report is strong on every level.
-Huge surge in hiring: +165,000
-Unemployment rate falls to 4.1% for the right reasons
-Over 400k people entered the labor force to search for work (and many did find opportunities).
-Black unemployment falls to 6.6% (from 7% before)
-Labor force participation rate rose to 61.9%, highest since March
-Wage growth ticked up +0.4% in October -->best since January
Bottom line: The US economy is averaging nearly +86,000 job gains a month in 2026. That's much better than the anemic +10,000 average in 2025.
Other data points
1) quit rate is rising. This is a useful measure of how Main Street America views chances of landing a job. Rising quit rate indicates greater confidence
2) jobless claims have stayed at low levels
3) JOLTs job opening report from October showed rising number of job openings
Manufacturing employment rising steadily now
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If tweet fails to load, click here. Posted on 11/6/26 at 7:46 pm to HailHailtoMichigan!
But younguns on here say that cant find a job that pays them 200k a year to WFH because boomers are assholes
Posted on 11/6/26 at 7:47 pm to HailHailtoMichigan!
Posted on 11/6/26 at 7:48 pm to HailHailtoMichigan!
The economy is in good shape, if that shite in Iran can go away then we are going to see an economic boom.
Posted on 11/6/26 at 7:50 pm to HailHailtoMichigan!
It was. About to tank
Posted on 11/6/26 at 8:56 pm to HailHailtoMichigan!
quote:
-Black unemployment falls to 6.6% (from 7% before)
Before I'm ready to buy into the labor market narrative, I need to see the South Pacific Islander numbers.
Posted on 11/6/26 at 9:57 pm to HailHailtoMichigan!
Wait until they shut down all the data center development, that downward trend will catch back up to where it was heading.
Posted on 11/6/26 at 10:12 pm to HailHailtoMichigan!
Just in time for the dems to take credit for it
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