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Job creation roars back in October as payrolls rise by 531,000

Kushinator

Kushinator

I'm not-low all the time
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The U.S. job market snapped back in October, with nonfarm payrolls rising more than expected while the unemployment rate fell to 4.6%, the Labor Department reported Friday.

Nonfarm payrolls increased by 531,000 for the month, compared with the Dow Jones estimate of 450,000. The jobless rate had been expected to edge down to 4.7%.

Private payrolls were even stronger, rising 604,000 as a loss of 73,000 government jobs pulled down the headline number. October’s gains represented a sharp pickup from September, which gained 312,000 jobs after the initial Bureau of Labor Statistics estimate of 194,000 saw a substantial upward revision in Friday’s report.
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The rest of the article can be found here.

What's most notable from this month's report are the revisions for September and August. From the BLS report:

The change in total nonfarm payroll employment for August was revised up by 117,000, from +366,000 to +483,000, and the change for September was revised up by 118,000, from +194,000 to +312,000. With these revisions, employment in August and September combined is 235,000 higher than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)
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I will reiterate what i've been saying for quite some time... It's all about the virus.
 
Excellent jobs report, Pfizer's new pill seems to drastically reduce COVID hospitalizations and deaths, and they're finally going to pass the infrastructure and BBB bills today. Happy Friday.
 
Kushinator said:
The rest of the article can be found here.

What's most notable from this month's report are the revisions for September and August. From the BLS report:



I will reiterate what i've been saying for quite some time... It's all about the virus.
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That is excellent news all around, including the adjustments to August and September.

The stock market is roaring. Jobs are coming back. The unemployment rate is something that everyone can applaud.

Great news on this Friday morning.
 
SenorXm/Sirius said:
Gonna be interesting to see how the Trumpsters will spin this to look bad.
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They are still awaiting their talking points from Faux, OANN, NM, etc.... Once the propaganda outlets can scramble together a narrative (all this growth despite Biden's horrible economic policy?), expect a flood of repetition.
 
Kushinator said:
They are still awaiting their talking points from Faux, OANN, NM, etc.... Once the propaganda outlets can scramble together a narrative (all this growth despite Biden's horrible economic policy?), expect a flood of repetition.
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GDP DOLLAR GRWOTH!!!! CLINTONS EMAILS! BENGHAZI!!! OBAMA SOMETHING SOMETHING SOMETHING ARGHKJRGJEKRJFGREKFJERJ MAGA MAGA MAGA KERSPLOT
 
The Dow is at record highs. 5 Million jobs have come back. The unemployment rate is at 4.8%. There have been over 200 Million vaccinations given in 10 months and around 30% of Americans think that the country is heading the right direction.

Democrats suck at messaging.
 
Callen said:
As you wel know 26 States ended benefits in July and August and apparently you missed the upward revisions in September and October.
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So you're saying the upward revisions in September and October have something to do with states that ended the $300 enhanced benefit early? Interesting take.
 
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Kushinator said:
Says the fella who posted a quick google search article from August 31st....

:sleep:
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Wow - you have an uncanny ability to not even have a headline understanding of what's contained in a news article.

📰 Headline: Job creation roars back in October as payrolls rise by 531,000
🤡 Kushinator: We're in November!

📰 Headline: Pandemic unemployment benefits end in September
🤡 Kushinator: That's from August!
 
Taylor said:
Wow - you have an uncanny ability to not even have a headline understanding of what's contained in a news article.

📰 Headline: Job creation roars back in October as payrolls rise by 531,000
🤡 Kushinator: We're in November!

📰 Headline: Pandemic unemployment benefits end in September
🤡 Kushinator: That's from August!
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September job growth was the lowest since April. Take your failure somewhere else.
 
gulfman said:
Gonna be interesting to see how the liberals will credit Biden instead of Trump
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Yep it had to happen the right wing saying if it is a good thing that happens no matter when, it had to be a Republican that was responcable for it but if it is something bad it is all a Dems fault
If it is bad and happened the day after a Dem President was sworn in it is all his fault yes 100% his fault
But it can be 9 or 10 months after a Dem is sworn in and something good happens it had to be a Republican who did it
what a bunch of hypocritical morons
Have a nice day
 
Kushinator said:
The rest of the article can be found here.

What's most notable from this month's report are the revisions for September and August. From the BLS report:



I will reiterate what i've been saying for quite some time... It's all about the virus.
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This is great news for the US. Biden putting America back to work!!

That will chap a few asses 😉
 
gulfman said:
Gonna be interesting to see how the liberals will credit Biden instead of Trump
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It was very interesting seeing Trumpsters give Trump credit from the day he was sworn in for the booming economy instead of Obama...

Of course once Trump crashed the economy then it was no longer his... Right?... Lol
 
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