US hiring stumbles in November as economy adds just 210,000 new jobs

[Conservative]

US hiring stumbles in November as economy adds just 210,000 new jobs

The Labor Department released the highly anticipated November jobs report on Friday morning, shedding light on the labor market's continued recovery from the COVID-19 pandemic.

www.foxbusiness.com

U.S. job growth significantly undershot expectations in November, suggesting that difficulty in attracting new workers is weighing on the labor market's recovery from the pandemic, even as COVID-19 cases dissipate nationwide.

The Labor Department said in its monthly payroll report released Friday that payrolls in November rose by just 210,000, well below the 550,000 jobs forecast by Refinitiv economists. The unemployment rate (which is calculated based on a separate survey) dropped more than expected to 4.2% from 4.6% — the lowest level since the pandemic began.

We remain 3.5 million below the February 2020 pre pandemic results as once again the left shows they are incapable of creating policies that generate private sector jobs and strong economic activity. The left will tout the U-3 ignoring the U6 and the reality that people aren't returning to the work force which impacts supply, driving up prices and creating the inflation we are seeing today. Pre pandemic results are the metrics to judge Biden performance not pandemic numbers as Biden has the vaccine that Trump didn't get until the end of his term.

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data.bls.gov

 

[Callen]

Yet the unemployment number has dropped to 4.5 % and unemployment claims are way down and consumer spending is up. I can't help but think that millions of jobs are simply not coming back for whatever reasons.....its a conundrum.

 

[Conservative]

Yet the unemployment number has dropped to 4.5 % and unemployment claims are way down and consumer spending is up. I can't help but think that millions of jobs are simply not coming back for whatever reasons.....its a conundrum.

What you and the rest of the left ignores is labor participation rate as well as total lack of understanding of Context. this country was built on the private sector and the left doesn't understand that nor can they accept that. The more people dropping out of the labor force the more power the radical left has. Canadians like you are used to having the gov't take care of all your personal responsibility needs thus higher taxes and higher cost of living which isn't prevalent in this country except in our major cities where the liberal elites thrive. The left will buy the 4.5% unemployment ignoring the context and what makes up that number

 

[Khayembii Communique]

What you and the rest of the left ignores is labor participation rate as well as total lack of understanding of Context. this country was built on the private sector and the left doesn't understand that nor can they accept that. The more people dropping out of the labor force the more power the radical left has. Canadians like you are used to having the gov't take care of all your personal responsibility needs thus higher taxes and higher cost of living which isn't prevalent in this country except in our major cities where the liberal elites thrive. The left will buy the 4.5% unemployment ignoring the context and what makes up that number

Trump had the largest increase in SNAP dollars spent in US history.

 

[Conservative]

Trump had the largest increase in SNAP dollars spent in history.

Where is the data supporting that and why is that an issue today? Trump is out of office, Biden is President and generating the terrible economic results being generated

 

[Khayembii Communique]

Where is the data supporting that and why is that an issue today? Trump is out of office, Biden is President and generating the terrible economic results being generated

You're whining about the labor force participation rate, which must mean you're whining about welfare considering that you're definitely not whining about people going to school or retiring given that those are good things. It's relevant because this is yet another thread where you want to whine about liberals putting people on welfare when the reality is that Trump was the biggest contributor to welfare spending in US history.

 

[ALiberalModerate]

Trump had the largest increase in SNAP dollars spent in US history.

That loser Trump also had the worst economic performance of any president since Hoover.

 

[Blue_State]

210,000 isn't bad if we were fully recovered. I would like to see that number higher.

 

[jotathought]

Uh oh .. Biden under delivers again with 50% less employment numbers ... sigh .. a trend we've seen in this last quarter of the year.

 

[Conservative]

View attachment 67363362to t

You're whining about the labor force participation rate, which must mean you're whining about welfare considering that you're definitely not whining about people going to school or retiring given that those are good things. It's relevant because this is yet another thread where you want to whine about liberals putting people on welfare when the reality is that Trump was the biggest contributor to welfare spending in US history.

Noticed that 2020 is the benchmark you want to use for your claims ignoring again the pandemic results and the fact that the economy was shutdown in a bipartisan effort to stop the spread of the virus or at least that is what you and the left claimed at the time. The real reason is you wanted the negative economic results to blame on Trump which is the typical blame game the left plays to divert from the failures of their own policies that we are seeing today.

Pretty chart who was in office from 2010-2016. Do you always embarrass yourself posting data like this?

 

[jotathought]

210,000 isn't bad if we were fully recovered. I would like to see that number higher.

Yeah .. 210K isn't bad .. unless you forecast 530K + improvement

 

[Conservative]

210,000 isn't bad if we were fully recovered. I would like to see that number higher.

Why aren't we fully recovered, Democrat President and Congress??

 

[Khayembii Communique]

For everyone else besides OP that are interested in this subject, job openings peaked in July and have been coming down since which shows the US job market has started correcting itself already.



The ratio of job openings to payrolls has been coming down since July as well, indicating an improving labor market.

 

[jotathought]

Why aren't we fully recovered, Democrat President and Congress??

No doubt .. it should be a utopia by now.

WTF .. Where's my money? Oh yeah .. I actually earn a wage that requires me to pay income tax, instead of being a tax parasitic individual.

 

[Conservative]

That loser Trump also had the worst economic performance of any president since Hoover.

By all means lets divert from Biden to Trump ignoring that Trump's 2020 results were pandemic driven due to the bipartisan economic shutdown. How long are you going to continue to divert from the Biden economic disaster to Trump who has been out of office now for over 10 months? Democratic President, Democrat Congress and Democrat results!!

 

[Greenbeard]

Putting aside that this will invariably be revised upwards as every month this year has been, anyone who's even casually browsed opportunities should realize we're in the best job market in decades.

 

[Khayembii Communique]

Noticed that 2020 is the benchmark you want to use for your claims ignoring again the pandemic results and the fact that the economy was shutdown in a bipartisan effort to stop the spread of the virus or at least that is what you and the left claimed at the time. The real reason is you wanted the negative economic results to blame on Trump which is the typical blame game the left plays to divert from the failures of their own policies that we are seeing today.

Pretty chart who was in office from 2010-2016. Do you always embarrass yourself posting data like this?

Just going by your logic buddy. If you want to take the pandemic into consideration, then the obvious response is that the job market coming out of the pandemic was obviously going to be dislocated and need time to correct, which it is. So if we want to take the pandemic into consideration, then we can excuse Biden for how the job market looked in the months coming out of it.

 

[Conservative]

For everyone else besides OP that are interested in this subject, job openings peaked in July and have been coming down since which shows the US job market has started correcting itself already.

View attachment 67363363

The ratio of job openings to payrolls has been coming down since July as well, indicating an improving labor market.

View attachment 67363364

From the link I posted and ignored there were almost 159 million Americans employed in February 2020 pre pandemic, what is that employment today almost two years later? Democrat President, Democrat Congress, Democrat results!!

 

[Callen]

Yeah .. 210K isn't bad .. unless you forecast 530K +

It is not the Administration that forecast jobs it's economists and they have not done well at all these last few months at least not relative to the initial reports.

 

[multivita-man]

The more people dropping out of the labor force the more power the radical left has.

Most of the people leaving the job market are retiring. How do retiring baby boomers with probably a cool million plus in their retirement accounts undermine capitalism?

Canadians like you are used to having the gov't take care of all your personal responsibility needs thus higher taxes and higher cost of living

Actually, many Canadians pay less than their American counterparts:

https://www.investopedia.com/financ...ans-really-pay-more-taxes-than-americans.aspx

From the link:

• The mortgage interest deduction is touted as being a huge benefit to home-owning Americans. However, if you make less than $84,200 and do not own a home, you will most likely pay less tax north of the border.

The left will buy the 4.5% unemployment ignoring the context and what makes up that number

The point is, for all practical purposes, we're near full employment, which is one reason why wages are rising in some sectors, particularly the lower wage service sectors. The rise of wages just reflects the fact that employers were artificially depressing wages for decades. Now that we've got a pandemic, there's been a reordering of sorts.

 

[Conservative]

Putting aside that this will invariably be revised upwards as every month this year has been, anyone who's even casually browsed opportunities should realize we're in the best job market in decades.

Yep, Democrat President, Democrat Congress, Democrat Policies and Democrat results, 4 million fewer people employed today than in February 2020 and still the left doesn't get it

 

[Khayembii Communique]

From the link I posted and ignored there were almost 159 million Americans employed in February 2020 pre pandemic, what is that employment today almost two years later? Democrat President, Democrat Congress, Democrat results!!

Employment is 95.8% lol yet another embarrassing fail of a thread by you

 

[Airyaman]

Uh oh .. Biden under delivers again with 50% less employment numbers ... sigh .. a trend we've seen in this last quarter of the year.

So what is Biden doing wrong? What policies could he implement to increase employment?

 

[Greenbeard]

Yep, Democrat President, Democrat Congress, Democrat Policies and Democrat results, 4 million fewer people employed today than in February 2020 and still the left doesn't get it

More and more olds sliding onto the national couch every month. You going to give up your seat and head back into the working world?

 

[Conservative]

Most of the people leaving the job market are retiring. How do retiring baby boomers with probably a cool million plus in their retirement accounts undermine capitalism?

So no population growth? Stop making excuses for poor Democratic Polices and results

Actually, many Canadians pay less than their American counterparts:

https://www.investopedia.com/financ...ans-really-pay-more-taxes-than-americans.aspx

From the link:

Cost of living in Canada is higher than in the US except for the major cities in this country that are paying for the failures of liberalism

The point is, for all practical purposes, we're near full employment, which is one reason why wages are rising in some sectors, particularly the lower wage service sectors. The rise of wages just reflects the fact that employers were artificially depressing wages for decades. Now that we've got a pandemic, there's been a reordering of sorts.

Labor participation rate remains the issue, people dropping out of the market and not being replaced are still receiving Federal funding to stay home