Friday, August 5, 2016

Jobs Numbers Beat Estimates

    The monthly labor numbers showed a gain of 255,000 jobs and a jobless rate of 4.9%. Hourly pay rates were up 0.3% last month.  The losing sector were those angry white people in mining where there are six thousand fewer jobs.  The average hourly wage is $29.60.
    This may pave the way for the Fed to raise rates, but if I was running for President as the third term of Barack Obama, I'd be happy with these numbers.

8 comments:

Anonymous said...

Lies. The national economy continues to decline.

Anonymous said...

Yes, this is good news, if you drink the BS oozed from the Pants Suit. Trouble is, everyone but Dannie knows what oozes from Obama or Hillary is a lie. This is just the way it is, per se.

Anonymous said...

Labor participation number don't lie. Unemployment numbers drop when people's unemployment runs out, not necessarily because they've mysteriously found work someplace.

Anonymous said...

2:49They lied to us in 2008 telling us there was a downturn in the economy. The MSM told us people were losing there homes and unemployment was high. Now, were being told unemployment at 4.9%.Can you believe it those lies. It's coming to a point I'm going to start believing those lies.

Anonymous said...

The economy ALWAYS swings "upward" in an election year. The criteria used for the "economy indicators" are pretty much bogus anyway. Nothing about those who have simply given up looking for work is ever figured in, and from what I can glean from what I've read over the years, these "job reports and economy indicators" have about as much grounding in reality as a Tom and Jerry cartoon.

Anonymous said...

The reports are all "lies"? Television is a joke. Read a bunch of papers each day, if you have time, and decide for yourself! Networks which support either side are ruining our country by brainwashing people. All a bunch of showmen these days, no real news, just crap. Think for yourselves, folks.

Anonymous said...

Here, 6:16, another example of the crap fed to Americanus Boobus;
there is a "lumber shortage" because of a "housing boom".

"Housing boom"? For whom? The number of 'home-owners' in America is at an all-time low.

Anonymous said...

as if only Americans are building houses 928...