Jobs report terrible. Only 128,000, less than half of what was expected. Lowest output since pandemic began
- Thread starter Orangeclad
- Start date
And I’d venture a guess that a lot of those aren’t new jobs but already existing jobs being refilled post pandemic.
Jobs report terrible. Only 128,000 my ass. The Dumb leading the Dumb!
THE EMPLOYMENT SITUATION -- MAY 2022
Total non-farm payroll employment rose by 390,000 in May, and the unemployment
rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today.
Notable job gains occurred in leisure and hospitality, in professional and
business services, and in transportation and warehousing. Employment in retail
trade declined.
Source: Bureau of labor Statistics
THE EMPLOYMENT SITUATION -- MAY 2022
Total non-farm payroll employment rose by 390,000 in May, and the unemployment
rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today.
Notable job gains occurred in leisure and hospitality, in professional and
business services, and in transportation and warehousing. Employment in retail
trade declined.
Source: Bureau of labor Statistics
Seems like so many on here are dead set on being ignorant, while it’s easy to find factual information. Good stuff
What I reported was the private sector jobs added, which was terrible, as reported the day before the BLS came out. I should have realized the error in that what I reported was on Thursday and the BLS jobs number only comes out on Friday. That being said, so 390,000 jobs are reported of which only 128,000 are private sector jobs so we added 262,000 government jobs? Yahoo. That's what we need, more government employees because the government is running so well? Tell that to mothers scrambling for baby formula as government employees point fingers at each other. Just tell the mothers it's a great jobs report.
www.cnbc.com
Private payrolls increased by just 128,000 in May, the slowest growth of the recovery, ADP says
Private sector employment rose by just 128,000 for the month, falling well short of the 299,000 Dow Jones estimate.
Crap. More Build Back Broke "infrastructure".What I reported was the private sector jobs added, which was terrible, as reported the day before the BLS came out. I should have realized the error in that what I reported was on Thursday and the BLS jobs number only comes out on Friday. That being said, so 390,000 jobs are reported of which only 128,000 are private sector jobs so we added 262,000 government jobs? Yahoo. That's what we need, more government employees because the government is running so well? Tell that to mothers scrambling for baby formula as government employees point fingers at each other. Just tell the mothers it's a great jobs report.
Private payrolls increased by just 128,000 in May, the slowest growth of the recovery, ADP says
Private sector employment rose by just 128,000 for the month, falling well short of the 299,000 Dow Jones estimate.
What in the hell are those .Gov jobs on the govt teet? Maybe the CM siamese twins can point out some more positives of the Biden administration. They seem to have been so silent for some reason.Crap. More Build Back Broke "infrastructure".
I swear, thus the the most economically ignorant board in the entire web sphere
Employment in leisure and hospitality increased by 84,000 in May, as job
growth continued in food services and drinking places (+46,000) and
accommodation (+21,000). Employment in leisure and hospitality is down by
1.3 million, or 7.9 percent, compared with February 2020.
Employment in professional and business services rose by 75,000 in May.
Within the industry, job gains occurred in accounting and bookkeeping
services (+16,000), computer systems design and related services (+13,000),
and scientific research and development services (+6,000). Employment in
professional and business services is 821,000 higher than in February 2020.
In May, transportation and warehousing added 47,000 jobs. Employment rose
in warehousing and storage (+18,000), truck transportation (+13,000), and
air transportation (+6,000). Employment in transportation and warehousing
is 709,000 above its February 2020 level.
Employment in construction increased by 36,000 in May, following no change
in April. In May, job gains occurred in specialty trade contractors (+17,000)
and heavy and civil engineering construction (+11,000). Construction
employment is 40,000 higher than in February 2020.
In May, employment increased by 36,000 in state government education and
by 33,000 in private education. Employment changed little in local
government education (+14,000). Compared with February 2020, employment
in state government education is up by 27,000, while employment in private
education has essentially recovered. Employment in local government
education is down by 308,000, or 3.8 percent, compared with February 2020.
Employment in health care rose by 28,000 in May, including a gain in hospitals
(+16,000). Employment in health care overall is 223,000, or 1.3 percent,
lower than in February 2020.
Manufacturing employment continued to trend up in May (+18,000). Job gains
occurred in fabricated metal products (+7,000), wood products (+4,000),
and electronic instruments (+3,000). Employment in manufacturing overall
is slightly below (-17,000 or -0.1 percent) its February 2020 level.
Wholesale trade added 14,000 jobs in May, including gains in durable goods
(+10,000) and electronic markets and agents and brokers (+6,000). Employment
in wholesale trade is down by 41,000, or 0.7 percent, compared with February
2020.
Employment in leisure and hospitality increased by 84,000 in May, as job
growth continued in food services and drinking places (+46,000) and
accommodation (+21,000). Employment in leisure and hospitality is down by
1.3 million, or 7.9 percent, compared with February 2020.
Employment in professional and business services rose by 75,000 in May.
Within the industry, job gains occurred in accounting and bookkeeping
services (+16,000), computer systems design and related services (+13,000),
and scientific research and development services (+6,000). Employment in
professional and business services is 821,000 higher than in February 2020.
In May, transportation and warehousing added 47,000 jobs. Employment rose
in warehousing and storage (+18,000), truck transportation (+13,000), and
air transportation (+6,000). Employment in transportation and warehousing
is 709,000 above its February 2020 level.
Employment in construction increased by 36,000 in May, following no change
in April. In May, job gains occurred in specialty trade contractors (+17,000)
and heavy and civil engineering construction (+11,000). Construction
employment is 40,000 higher than in February 2020.
In May, employment increased by 36,000 in state government education and
by 33,000 in private education. Employment changed little in local
government education (+14,000). Compared with February 2020, employment
in state government education is up by 27,000, while employment in private
education has essentially recovered. Employment in local government
education is down by 308,000, or 3.8 percent, compared with February 2020.
Employment in health care rose by 28,000 in May, including a gain in hospitals
(+16,000). Employment in health care overall is 223,000, or 1.3 percent,
lower than in February 2020.
Manufacturing employment continued to trend up in May (+18,000). Job gains
occurred in fabricated metal products (+7,000), wood products (+4,000),
and electronic instruments (+3,000). Employment in manufacturing overall
is slightly below (-17,000 or -0.1 percent) its February 2020 level.
Wholesale trade added 14,000 jobs in May, including gains in durable goods
(+10,000) and electronic markets and agents and brokers (+6,000). Employment
in wholesale trade is down by 41,000, or 0.7 percent, compared with February
2020.
Derp. That’s ADP, not the official BLS statistics.What I reported was the private sector jobs added, which was terrible, as reported the day before the BLS came out. I should have realized the error in that what I reported was on Thursday and the BLS jobs number only comes out on Friday. That being said, so 390,000 jobs are reported of which only 128,000 are private sector jobs so we added 262,000 government jobs? Yahoo. That's what we need, more government employees because the government is running so well? Tell that to mothers scrambling for baby formula as government employees point fingers at each other. Just tell the mothers it's a great jobs report.
Private payrolls increased by just 128,000 in May, the slowest growth of the recovery, ADP says
Private sector employment rose by just 128,000 for the month, falling well short of the 299,000 Dow Jones estimate.
Facepalm.
This is the kind of economic ignorance I was talking about.
Yes, the market tanked because the employment gains were TOO good, thus reviving fears of further interest rate hikes to SLOW DOWN the economy.
Todays Econ 101 lesson over. Now back to your regularly scheduled ignorance.
Biden still solving those high gas prices?
Sorry if the entire board knows you’re full of it.
I do not believe in the 17 years I have subscribed to a UF board, I have ever read a DUMBER post. Congratulations...you finally won something. (and you have MANY other winners)
Well, that’s because you are economically ignorant. Stick to selling used cars or piloting your small boat.
But if you don’t want to take it from me.
Market check: Stocks in the red following May jobs report
Yahoo Finance Live continues to break down the economic data released in today's May jobs report, unemployment rates indicated by race, the labor force participation rate, and which companies are planning hiring freezes or worker cutbacks amid recession worries.
Although job growth slowed from April, the labor market remains tight, suggesting the Federal Reserve may proceed with tightening monetary conditions further by raising interest rates — a point of worry for investors who fear central bank policies may tip the economy into a recession.
"Overall, it seems like the job creation machine runs on full-steam and anecdotal evidence has it that hiring remains difficult for businesses of all sizes as demand outpaces supply," Christian Scherrmann, DWS’ U.S. Economist said in a note.
His Biden Solves High gas prices has aged well, and shown how truly ignorant he is.
Fact of the matter is, he is a PROVEN liar, and welched on his board bet. The Bet was that if anyone could prove he was a liar, he would leave the board. That has been done multiple times including recently in regards to his boat.
Anything he posts should be received thru a lens of doubt.
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Here we laugh at BS Cucks feverish editing, and finding a liberal economist to back him up. Same guy probably had an article praising biden for solving high gas prices a while back.
I mean, we are dealing with a guy who says he owned a boat when he didn’t. All because he was trying to have a high roller message board reputation. Guy is a joke. He puts the BS in BSC.
Bottom line, economic fundamentals aren’t strong and everyone knows it. Why is the market worried about interest rates? Because smart people know this is unsustainable and the money being spent isn’t discretionary spending, it’s inflationary spending on required goods. Estimates are that money people have in savings from stimulus will run out in 6-8 weeks. Winter is coming.
I mean, we are dealing with a guy who says he owned a boat when he didn’t. All because he was trying to have a high roller message board reputation. Guy is a joke. He puts the BS in BSC.
Bottom line, economic fundamentals aren’t strong and everyone knows it. Why is the market worried about interest rates? Because smart people know this is unsustainable and the money being spent isn’t discretionary spending, it’s inflationary spending on required goods. Estimates are that money people have in savings from stimulus will run out in 6-8 weeks. Winter is coming.
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No. You make everyone laugh…..at you.
How’s the boat that you sold in November, that you claimed you later had?
Welp, guess we won’t see you back in this thread.
Doubled down on STUPID? You are like a Timex watch, son...take a lickin...and KEEP ON tickin! You must be REALLY good at practicing falling down!Well, that’s because you are economically ignorant. Stick to selling used cars or piloting your small boat.
But if you don’t want to take it from me.
Market check: Stocks in the red following May jobs report
Yahoo Finance Live continues to break down the economic data released in today's May jobs report, unemployment rates indicated by race, the labor force participation rate, and which companies are planning hiring freezes or worker cutbacks amid recession worries.finance.yahoo.com
Although job growth slowed from April, the labor market remains tight, suggesting the Federal Reserve may proceed with tightening monetary conditions further by raising interest rates — a point of worry for investors who fear central bank policies may tip the economy into a recession.
"Overall, it seems like the job creation machine runs on full-steam and anecdotal evidence has it that hiring remains difficult for businesses of all sizes as demand outpaces supply," Christian Scherrmann, DWS’ U.S. Economist said in a note.
Why not, I love making fun of dorks like you. Especially ones who follow me around
Big deal, I sold an awesome boat I owned for twelve years a few months before. Slight exaggeration that made for a much better story. I’m sure I’m the only one who ever exaggerated on here. In fact, since you seem to follow me around everywhere, I’m sure you have compiled an extensive data base of all of my posts. You might be able to find another slight exaggeration or two.
You should have taken me up on my bet, but it’s still open to you and everyone else. Name the bet, name the claim, and if I accept, then I will either prove it or not. But you have to put up something in return. There are no free rides.
But one thing is for sure, since you suck off Ghost on here every day, you won’t ever call him out for being a welcher. Gobble gobble.
Get to work, my little puppy. dog. I’m going for a swim in my awesome 50’ swimming pool (add that to your data base), so I may not be able to respond immediately, but I will check back later.
Sweet dreams.
Already won the bet. You’re a welcher, and a liar. Congrats.
Life suggestion. Get some help with your self esteem issues.
Sincerely,
Your daddy
Hopefully BLS stats are more truthful than @CFAGator 's facts on GDP adjusted for REAL inflation. You can fool some of the people some of the time, you can fool the sheep ALL of the time.😂
Websters:Live shot of BSCuck in his 50ft pool.
I mean, it’s just an exaggeration
Lie:
an untruth, false statement. Not to be confused with exaggeration.
We’re you lying when you said you dated high school girls as a 40 year old, or was that just an exaggeration?
Inquiring minds want to know.
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Live shot of BSCuck in his 50ft pool.
I mean, it’s just an exaggeration
Nope, I’m not in this dorks head at all. Seriously dude, this is the internet, no need to take this all so seriously and get all riled up. It’s bad for your health.
😎
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Says the man who openly admitted to sexually assaulting women in high school
LOL. Sorry, nerd thinks getting some in high school is the same as a 40 year stalker. Maybe in Utah.
Getting some in high school? You never got any, gtfo. Next you’ll tell us you made more than trump again.
And just like that everyone knows BSCuck is a fraud that serves fries for a living. No boat, no pool, no money.
I did.Getting some in high school? You never got any, gtfo. Next you’ll tell us you made more than trump again.
😎
I live rent free in his mind. The old battles have caused knee jerk responses. It’s either that or he wants me to teach him on how someone really “gets some”.
