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cahoots
LSU Fan
Red Stick
Member since Jan 2009
4667 posts

Jobs decline in September, prior months revised downward
BLS jobs report

Summary: We lost 33,000 jobs last month, which is the first monthly decline in 7 years. The hurricanes played a role in the loss of leisure and hospitality jobs. The prior months were also revised downward, which surprised some economists. However, many analysts are still confident that the job market will rebound through the end of the year.


TX Tiger
LSU Fan
at home
Member since Jan 2004
30192 posts

re: Jobs decline in September, prior months revised downward
MAGA bitches!


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641
Yak
LSU Fan
Member since May 2014
1302 posts

re: Jobs decline in September, prior months revised downward
7 years is a long friggin run

Time to start a longer run now


HeyHeyHogsAllTheWay
Member since Feb 2017
5884 posts

re: Jobs decline in September, prior months revised downward
I have a feeling that when the state reports are released in October we will see that the vast majority of those 33K jobs lost are directly due to the hurricanes.

Of course the obvious fact is that the hurricanes will probably result in the creation of double that many jobs in the near future to clean up and repair the destruction.



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261
boogiewoogie1978
Arkansas Fan
Little Rock
Member since Aug 2012
6076 posts

re: Jobs decline in September, prior months revised downward
quote:

We lost 33,000 jobs last month, which is the first monthly decline in 7 years.


Obama doing work!


Statestreet
LSU Fan
Gueydan
Member since Sep 2008
8921 posts

re: Jobs decline in September, prior months revised downward
Congrats on "capitalizing" on devastating hurricanes!!


cahoots
LSU Fan
Red Stick
Member since Jan 2009
4667 posts

re: Jobs decline in September, prior months revised downward
quote:

Congrats on "capitalizing" on devastating hurricanes!!


Huh? The report makes it clear that the hurricanes did no favors for the economy last month. How is that capitalizing? That's what happened.
This post was edited on 10/6 at 9:30 am


Statestreet
LSU Fan
Gueydan
Member since Sep 2008
8921 posts

re: Jobs decline in September, prior months revised downward
You are gloating in the job decline numbers.


Homesick Tiger
LSU Fan
Greenbrier, AR
Member since Nov 2006
33289 posts

re: Jobs decline in September, prior months revised downward
Why didn't you highlight the fact that unemployment dropped from 4.4 to 4.2% even with the downward spiral you posted?

That's seems more positive than negative doesn't it?


cahoots
LSU Fan
Red Stick
Member since Jan 2009
4667 posts

re: Jobs decline in September, prior months revised downward
quote:

You are gloating in the job decline numbers.


Tell me how to rewrite the OP then and I'll edit
This post was edited on 10/6 at 9:57 am


Homesick Tiger
LSU Fan
Greenbrier, AR
Member since Nov 2006
33289 posts

re: Jobs decline in September, prior months revised downward
quote:

Tell me how to rewrite the OP then and I'll edit


The post above yours would be a good start.


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20
VaBamaMan
Alabama Fan
North AL
Member since Apr 2013
6114 posts

re: Jobs decline in September, prior months revised downward
quote:

Why didn't you highlight the fact that unemployment dropped from 4.4 to 4.2% even with the downward spiral you posted?

That's seems more positive than negative doesn't it?


If unemployment went down, and jobs did as well, then that simply means that the.2% who dropped off unemployment did so without finding a job. Their unemployment payments simply ran out.
This post was edited on 10/6 at 9:59 am


cahoots
LSU Fan
Red Stick
Member since Jan 2009
4667 posts

re: Jobs decline in September, prior months revised downward
quote:

Why didn't you highlight the fact that unemployment dropped from 4.4 to 4.2% even with the downward spiral you posted?

That's seems more positive than negative doesn't it?


Because how can the unemployment rate actually decline in the face of a net job loss? It's an aberration.


Homesick Tiger
LSU Fan
Greenbrier, AR
Member since Nov 2006
33289 posts

re: Jobs decline in September, prior months revised downward
quote:

Because how can the unemployment rate actually decline in the face of a net job loss? It's an aberration.



The aberrations, as you call it, started back in 2009 with interpreting unemployment rates that had never been interpreted like that before.



Jyrdis
Auburn Fan
Member since Aug 2015
3908 posts

re: Jobs decline in September, prior months revised downward
quote:

We lost 33,000 jobs last month


Interesting. We lost 33,000 nonfarm payroll jobs last month, but had an increase of 906,000 employed from August to September and had a decrease of 331,000 unemployed. All other "bad" statistics were pretty much down across the board. Average hourly and weekly earnings were up compared to August.

We are pretty much in a tight labor market. Job seekers pretty much equals job openings. Until structural changes occur in the economy don't expect to get much better numbers on a monthly basis.


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21
Wtodd
Missouri Fan
Tampa, FL
Member since Oct 2013
26795 posts

re: Jobs decline in September, prior months revised downward
Irma & Maria......fricking wimmenz


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cahoots
LSU Fan
Red Stick
Member since Jan 2009
4667 posts

re: Jobs decline in September, prior months revised downward
quote:

The aberrations, as you call it, started back in 2009 with interpreting unemployment rates that had never been interpreted like that before.



Still, they're being interpreted the same way for August and September, so you can't truly have a net decline in jobs and a decrease in real unemployment. Makes no sense


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27
HeyHeyHogsAllTheWay
Member since Feb 2017
5884 posts

re: Jobs decline in September, prior months revised downward
quote:

Because how can the unemployment rate actually decline in the face of a net job loss? It's an aberration.


No it certainly isn't . It's exactly how the Obama Administration played with the numbers the entire time they were in power.

Theoretically we could have 100M Americans not working and have 0% unemployement, if those 100M weren't looking for jobs. Which is exactly what we saw under Obama, Disability claims shot through the roof so those people were no longer reporting as unemployed. So it didn't matter if 100K jobs disappeared in a given time period, if no one was looking for jobs, the unemployment rate remained low, while the job loss rate stayed high.

My guess is that without the bogus disability claims we all know happened from 2008-2015 the UE rate would have been double what it was.


cahoots
LSU Fan
Red Stick
Member since Jan 2009
4667 posts

re: Jobs decline in September, prior months revised downward
Forget about the methodologies for a sec. You can't lose jobs and have fewer unemployed at the same time.
This post was edited on 10/6 at 10:35 am


HailHailtoMichigan!
Michigan Fan
Trabuco Canyon, CA
Member since Mar 2012
39510 posts
 Online 

re: Jobs decline in September, prior months revised downward
Cahoots, any idea why the stock market isn't being spooked by this?


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