Jump to content
 
Search In
  • More options...
Find results that contain...
Find results in...

Jobs report misses estimates with 559,000 jobs added


MovieMadness
 Share

Recommended Posts

Jobs report misses estimates with 559,000 jobs added

U.S. employers added fewer than expected jobs last month as extended unemployment benefits encouraged workers to stay home.

Employers added 559,000 jobs in May, the Labor Department said Friday, missing the addition of 650,000 jobs that analysts surveyed by Refinitiv were expecting. April’s reading was revised higher by 12,000 to 278,000.

The unemployment rate, meanwhile, declined 0.3 percentage points to 5.8%, its lowest since the pandemic caused businesses to shut their doors in March 2020.

Despite the gains, the U.S. economy has 7.6 million, or 5%, fewer workers from its February 2020 pre-pandemic level.

"Only a few months ago we had expected to see several months' worth of gains north of one million as the economy reopened, but labor supply is bouncing back much more slowly than demand," said Paul Ashworth, chief U.S. economist at research firm Capital Economics.

******************************************

Nothing has been done for the economy since Biden was elected, this is why 7.6 million people are still out of work.

Link to comment
Share on other sites

13 hours ago, MovieMadness said:

Jobs report misses estimates with 559,000 jobs added

U.S. employers added fewer than expected jobs last month as extended unemployment benefits encouraged workers to stay home.

Employers added 559,000 jobs in May, the Labor Department said Friday, missing the addition of 650,000 jobs that analysts surveyed by Refinitiv were expecting. April’s reading was revised higher by 12,000 to 278,000.

The unemployment rate, meanwhile, declined 0.3 percentage points to 5.8%, its lowest since the pandemic caused businesses to shut their doors in March 2020.

Despite the gains, the U.S. economy has 7.6 million, or 5%, fewer workers from its February 2020 pre-pandemic level.

"Only a few months ago we had expected to see several months' worth of gains north of one million as the economy reopened, but labor supply is bouncing back much more slowly than demand," said Paul Ashworth, chief U.S. economist at research firm Capital Economics.

******************************************

Nothing has been done for the economy since Biden was elected, this is why 7.6 million people are still out of work.

Are you friggin serious!??!  First of all, Biden has made vaccines available to all adults, and most children, in RECORD TIME!!  Trump would've had one of his corrupt political cronies, likely the one who put the most grease in Trump,,'s pudgy palms in his short fat hands.  We would have maybe 20% of the public vaccinated by now, again going first to those who can pay the most....in other words, business as usual for the Trump Administration.

All this to say that the economy would still be mostly closed, and the pandemic raging, if Trump had been re-elected..  Since last year we have been told that the economy wouldn't bounce back until most Americans had been vaccinated.  Well guess what, it is happening now Under JOE BIDEN!!  T he stock market is up, Biden's stimulus money has stimulated the economy, and the country can now open up UNDER BIDEN.

Under Trump, trying to force another early reopening before it is safe, and pushing flouting safety rules, the Pandemic would still be around for at least another year, with a number of spikes in infections and deaths.  Truly Americans voted for the person they knew could solve this problem, and  BIDEN IS DELIVERING!!!

  • Haha 1
Link to comment
Share on other sites

14 hours ago, MovieMadness said:

Jobs report misses estimates with 559,000 jobs added

U.S. employers added fewer than expected jobs last month as extended unemployment benefits encouraged workers to stay home.

Employers added 559,000 jobs in May, the Labor Department said Friday, missing the addition of 650,000 jobs that analysts surveyed by Refinitiv were expecting. April’s reading was revised higher by 12,000 to 278,000.

The unemployment rate, meanwhile, declined 0.3 percentage points to 5.8%, its lowest since the pandemic caused businesses to shut their doors in March 2020.

Despite the gains, the U.S. economy has 7.6 million, or 5%, fewer workers from its February 2020 pre-pandemic level.

"Only a few months ago we had expected to see several months' worth of gains north of one million as the economy reopened, but labor supply is bouncing back much more slowly than demand," said Paul Ashworth, chief U.S. economist at research firm Capital Economics.

******************************************

Nothing has been done for the economy since Biden was elected, this is why 7.6 million people are still out of work.

Two words, Ben.

Solar panels.

 

 

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

© 2022 Turner Classic Movies Inc. All Rights Reserved Terms of Use | Privacy Policy | Cookie Settings
×
×
  • Create New...