U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong

[poweRob]

Let's hope the Fed fails in their attempts at killing jobs.

U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong

Nonfarm payrolls were expected to increase by 205,000 in October, according to Dow Jones estimates.

www.cnbc.com

Job growth was stronger than expected in October despite Federal Reserve interest rate increases aimed at slowing what is still a strong labor market.​

​

Nonfarm payrolls grew by 261,000 for the month while the unemployment rate moved higher to 3.7%, the Labor Department reported Friday. Those payroll numbers were better than the Dow Jones estimate for 205,000 more jobs, but worse than the 3.5% estimate for the unemployment rate.​

 

[NuffSaid]

Its nice we are adding jobs, but I agree, hoping that the Fed doesn't squash any continual progress.

 

[tres borrachos]

Let's hope the Fed fails in their attempts at killing jobs.

U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong

Nonfarm payrolls were expected to increase by 205,000 in October, according to Dow Jones estimates.

www.cnbc.com

Job growth was stronger than expected in October despite Federal Reserve interest rate increases aimed at slowing what is still a strong labor market.​

​

Nonfarm payrolls grew by 261,000 for the month while the unemployment rate moved higher to 3.7%, the Labor Department reported Friday. Those payroll numbers were better than the Dow Jones estimate for 205,000 more jobs, but worse than the 3.5% estimate for the unemployment rate.​

Good news on this Friday morning. But you should have let Conservative start this thread himself.

Under 4% unemployment. That is truly amazing for this country. I never thought I'd see that again in my lifetime.

 

[Gateman_Wen]

Let's hope the Fed fails in their attempts at killing jobs.

U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong

Nonfarm payrolls were expected to increase by 205,000 in October, according to Dow Jones estimates.

www.cnbc.com

Job growth was stronger than expected in October despite Federal Reserve interest rate increases aimed at slowing what is still a strong labor market.​

​

Nonfarm payrolls grew by 261,000 for the month while the unemployment rate moved higher to 3.7%, the Labor Department reported Friday. Those payroll numbers were better than the Dow Jones estimate for 205,000 more jobs, but worse than the 3.5% estimate for the unemployment rate.​

Such a terrible economy we have right now... Jobs and wages up, huge corporate profits, all sorts of terrible signs...

 

[ElChupacabra]

Interesting, since some of the predictions were that it would be lower.

 

[MTAtech]

Its nice we are adding jobs, but I agree, hoping that the Fed doesn't squash any continual progress.

 

[NuffSaid]

I'd be curious what that "tipping point" is that the Feds would then ease interest rates in favor of helping hourly rates over curbing inflation.

But then again, from what the Republicans are pushing, investigating Hunter Biden will ease inflation

 

[Taylor]

Let's hope the Fed fails in their attempts at killing jobs.

They're already showing some success. Let's hope they don't overtighten if they haven't already.

Household survey showing 328k jobs lost. Unemployment rate up. Tech sector has been announcing big layoffs...

 

[dmpi]

I'd be curious what that "tipping point" is that the Feds would then ease interest rates in favor of helping hourly rates over curbing inflation.

But then again, from what the Republicans are pushing, investigating Hunter Biden will ease inflation

Two things come into play: 1. If people live paycheck to paycheck then everything they make they'll spend. If people are good consumers then they'll price shop and demand some value for what they spend. On the other hand if they're confident of a ever increasing paycheck, they won't care and will buy at any price which is inflationary. After all, money is a renewable resource. 2. We need to avoid the cycle of the expense of rising wages being passed on to the consumer as higher prices, which of course causes the workers to demand even higher wages.

 

[Winston]

Let's hope the Fed fails in their attempts at killing jobs.

U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong

Nonfarm payrolls were expected to increase by 205,000 in October, according to Dow Jones estimates.

www.cnbc.com

Job growth was stronger than expected in October despite Federal Reserve interest rate increases aimed at slowing what is still a strong labor market.​

​

Nonfarm payrolls grew by 261,000 for the month while the unemployment rate moved higher to 3.7%, the Labor Department reported Friday. Those payroll numbers were better than the Dow Jones estimate for 205,000 more jobs, but worse than the 3.5% estimate for the unemployment rate.​

Liberal results bah! These are the consequences of tax and spend democrats! Do you even know civics? I POSTED THE BLS DATA YOU POSTED TGE LIBERAL RHETORIC

 

[Conservative]

Let's hope the Fed fails in their attempts at killing jobs.

U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong

Nonfarm payrolls were expected to increase by 205,000 in October, according to Dow Jones estimates.

www.cnbc.com

Job growth was stronger than expected in October despite Federal Reserve interest rate increases aimed at slowing what is still a strong labor market.​

​

Nonfarm payrolls grew by 261,000 for the month while the unemployment rate moved higher to 3.7%, the Labor Department reported Friday. Those payroll numbers were better than the Dow Jones estimate for 205,000 more jobs, but worse than the 3.5% estimate for the unemployment rate.​

Congratulations, Radicals, keep taking a victory lap for employment that still remains below Pre pandemic Trump numbers and his 39% approval rating on the economy. Do they teach basic economics and civics in the schools these days? Still celebrating the over 8% inflation rate and mortgage rates that have more than doubled?

Top Picks

data.bls.gov

Labor Force Statistics from the Current Population Survey
Original Data Value
Series Id:	LNS12000000
Seasonally Adjusted
Series title:	(Seas) Employment Level
Labor force status:	Employed
Type of data:	Number in thousands
Age:	16 years and over
Years:	2012 to 2022
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2017	152152	152480	153065	153255	153069	153318	153569	153503	154286	153609	153805	153904
2018	154493	155259	155303	155362	155694	155734	156115	155512	155970	156294	156606	156767
2019	156614	156992	156869	156744	156868	157123	157488	157780	158249	158356	158504	158772
2020	158653	158866	155599	133320	137182	142218	143727	147176	147569	149719	149761	149883
2021	150004	150367	150940	151259	151550	151612	152704	153167	153806	154234	155324	155975
2022	157174	157722	158458	158105	158426	158111	158290	158732	158936	158608

 

[Michael Cole]

That's an interesting graph. First thing I notice is how erratic the monthly numbers are. With such volatility, the 3-month average line doesn't seem very instructive.

 

[Michael Cole]

Congratulations, Radicals, keep taking a victory lap for employment that still remains below Pre pandemic Trump numbers and his 39% approval rating on the economy. Do they teach basic economics and civics in the schools these days? Still celebrating the over 8% inflation rate and mortgage rates that have more than doubled?

Top Picks

data.bls.gov

Labor Force Statistics from the Current Population Survey
Original Data Value
Series Id:	LNS12000000
Seasonally Adjusted
Series title:	(Seas) Employment Level
Labor force status:	Employed
Type of data:	Number in thousands
Age:	16 years and over
Years:	2012 to 2022
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2017	152152	152480	153065	153255	153069	153318	153569	153503	154286	153609	153805	153904
2018	154493	155259	155303	155362	155694	155734	156115	155512	155970	156294	156606	156767
2019	156614	156992	156869	156744	156868	157123	157488	157780	158249	158356	158504	158772
2020	158653	158866	155599	133320	137182	142218	143727	147176	147569	149719	149761	149883
2021	150004	150367	150940	151259	151550	151612	152704	153167	153806	154234	155324	155975
2022	157174	157722	158458	158105	158426	158111	158290	158732	158936	158608

Good news on this Friday morning. But you should have let Conservative start this thread himself.

 

[Michael Cole]

Congratulations, Radicals, keep taking a victory lap for employment that still remains below Pre pandemic Trump numbers and his 39% approval rating on the economy. Do they teach basic economics and civics in the schools these days? Still celebrating the over 8% inflation rate and mortgage rates that have more than doubled?

Top Picks

data.bls.gov

Labor Force Statistics from the Current Population Survey
Original Data Value
Series Id:	LNS12000000
Seasonally Adjusted
Series title:	(Seas) Employment Level
Labor force status:	Employed
Type of data:	Number in thousands
Age:	16 years and over
Years:	2012 to 2022
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2017	152152	152480	153065	153255	153069	153318	153569	153503	154286	153609	153805	153904
2018	154493	155259	155303	155362	155694	155734	156115	155512	155970	156294	156606	156767
2019	156614	156992	156869	156744	156868	157123	157488	157780	158249	158356	158504	158772
2020	158653	158866	155599	133320	137182	142218	143727	147176	147569	149719	149761	149883
2021	150004	150367	150940	151259	151550	151612	152704	153167	153806	154234	155324	155975
2022	157174	157722	158458	158105	158426	158111	158290	158732	158936	158608

He likes you!!!!!!

 

[NuffSaid]

Congratulations, Radicals, keep taking a victory lap for employment that still remains below Pre pandemic Trump numbers and his 39% approval rating on the economy. Do they teach basic economics and civics in the schools these days? Still celebrating the over 8% inflation rate and mortgage rates that have more than doubled?

Top Picks

data.bls.gov

Labor Force Statistics from the Current Population Survey
Original Data Value
Series Id:	LNS12000000
Seasonally Adjusted
Series title:	(Seas) Employment Level
Labor force status:	Employed
Type of data:	Number in thousands
Age:	16 years and over
Years:	2012 to 2022
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2017	152152	152480	153065	153255	153069	153318	153569	153503	154286	153609	153805	153904
2018	154493	155259	155303	155362	155694	155734	156115	155512	155970	156294	156606	156767
2019	156614	156992	156869	156744	156868	157123	157488	157780	158249	158356	158504	158772
2020	158653	158866	155599	133320	137182	142218	143727	147176	147569	149719	149761	149883
2021	150004	150367	150940	151259	151550	151612	152704	153167	153806	154234	155324	155975
2022	157174	157722	158458	158105	158426	158111	158290	158732	158936	158608

Congratulations America for continuing your positive trend forward. We have faith in you!
Bad news for the Trump lickers who continually wish for America to fail.

 

[Metric Mouse]

Unemployment ticked up. Odd. But not concerning.

 

[Metric Mouse]

****. That sucks.

 

[EnigmaO01]

They're already showing some success. Let's hope they don't overtighten if they haven't already.

Household survey showing 328k jobs lost. Unemployment rate up. Tech sector has been announcing big layoffs...

What planet did you say you lived on? It certainly isn't this one.

When I was growing up I could only dream of unemployment at below 4 percent. The only lay off in my area is the RV industry and that's because they over produced and less people buy them this time of year. Otherwise here in the midwest things are going gangbusters as far as the economy and employers are begging for employees. Even my local grocery story is paying close to $15.00 an hour begging for help.

 

[Conservative]

Congratulations America for continuing your positive trend forward. We have faith in you!
Bad news for the Trump lickers who continually wish for America to fail.

Positive trend? Are there more or less people employed today than February 2020. There anything called accountability in the left's world? You think America is succeeding under Biden with less people employed than February 2020 and over 8% inflation? Such loyalty,why?

 

[Conservative]

Unemployment ticked up. Odd. But not concerning.

In February 2020 what was the employment number for the country vs today? Labor force was 164.6 then vs 165.7 now, Why are so many Americans staying home and not working as Commerce shows almost 11 million jobs available? Think about it

 

[Metric Mouse]

In February 2020 what was the employment number for the country vs today? Labor force was 164.6 then vs 165.7 now, Why are so many Americans staying home and not working as Commerce shows almost 11 million jobs available? Think about it

probably died from covid...

 

[Conservative]

probably died from covid...

except for the reality that the labor force increases almost a million in the last two years, one would expect more people to be employed vs February 2020 but that isn't the case

 

[Metric Mouse]

except for the reality that the labor force increases almost a million in the last two years, one would expect more people to be employed vs February 2020 but that isn't the case

your "labor force 164 then vs. 165 now"... please put units to that. What the **** are you talking about? 165 seems bigger than 164, but since you haven't provided context so I've no idea.

 

[Conservative]

your "labor force 164 then vs. 165 now"... please put units to that. What the **** are you talking about? 165 seems bigger than 164, but since you haven't provided context so I've no idea.

Context is 165 million in the labor force NOW but 200K less employed, why is that? 158.8 million employed with a labor force of 164 million and now 158.6 million employed with a 165 million labor force, the question is why are people staying home and not taking the almost 11 million jobs available.

 

[Metric Mouse]

Context is 165 million in the labor force NOW but 200K less employed, why is that? 158.8 million employed with a labor force of 164 million and now 158.6 million employed with a 165 million labor force, the question is why are people staying home and not taking the almost 11 million jobs available.

yes, the unemployment rate has ticked up from its low in 2020.

I don't have an answer as to why that is, but I'm sure that the president will address it this weekend from one of his vacation properties.