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Economy adds 164,000 jobs in April, unemployment drops to 3.9 percent
« on: May 04, 2018, 01:33:04 pm »
Economy adds 164,000 jobs in April, unemployment drops to 3.9 percent
by Joseph Lawler
 | May 04, 2018 08:31 AM

The economy gained 164,000 new payroll jobs in April, the Bureau of Labor Statistics reported Friday morning, and the unemployment rate dropped to 3.9 percent, the lowest rate since 2000.

The month’s job growth was just shy of the roughly 190,000 new jobs forecasters expected after a disappointing March report.

Yet, despite the slight miss on jobs, Friday's report indicates that the labor market recovery has strong momentum even as it ages into its eighth year.

Only around a little more than 90,000 jobs are needed each month to keep unemployment trending down, according to the Federal Reserve. Employers have been adding more than twice that many jobs over the past three months -- 208,000, when upward revisions are taken into account.

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https://www.washingtonexaminer.com/policy/economy/economy-adds-164-000-jobs-in-april-unemployment-drops-to-3-9-percent
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Offline Frank Cannon

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Re: Economy adds 164,000 jobs in April, unemployment drops to 3.9 percent
« Reply #1 on: May 04, 2018, 01:35:45 pm »
Just more tangible evidence........Trump is GOD!!!!

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Offline ABX

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Re: Economy adds 164,000 jobs in April, unemployment drops to 3.9 percent
« Reply #2 on: May 04, 2018, 06:13:16 pm »
They are still reporting on adjusted U3 numbers, one of the biggest hoaxes in American modern politics.  Adjusted U3 numbers are totally fiction.

Real unemployment (U6) is actually well above 8% and labor force participation rates are still at Obama era lows. Today's job numbers are not a good sign with only 164k jobs added. We need over 300K new jobs a month.

Fake news.
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Offline txradioguy

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Re: Economy adds 164,000 jobs in April, unemployment drops to 3.9 percent
« Reply #3 on: May 07, 2018, 02:19:41 pm »
Quote from: AbaraXas on May 04, 2018, 06:13:16 pm
They are still reporting on adjusted U3 numbers, one of the biggest hoaxes in American modern politics.  Adjusted U3 numbers are totally fiction.

Real unemployment (U6) is actually well above 8% and labor force participation rates are still at Obama era lows. Today's job numbers are not a good sign with only 164k jobs added. We need over 300K new jobs a month.

Fake news.

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Offline skeeter

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Re: Economy adds 164,000 jobs in April, unemployment drops to 3.9 percent
« Reply #4 on: May 07, 2018, 02:27:45 pm »
Quote from: AbaraXas on May 04, 2018, 06:13:16 pm
They are still reporting on adjusted U3 numbers, one of the biggest hoaxes in American modern politics.  Adjusted U3 numbers are totally fiction.

Real unemployment (U6) is actually well above 8% and labor force participation rates are still at Obama era lows. Today's job numbers are not a good sign with only 164k jobs added. We need over 300K new jobs a month.

Fake news.

U3 may be the wrong metrics to use but unemployment is still edging down now relative to the Obama economy. That is undeniable.

We'll know for certain when the fed starts pushing interest rates up.
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Offline thackney

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Re: Economy adds 164,000 jobs in April, unemployment drops to 3.9 percent
« Reply #5 on: May 07, 2018, 03:04:05 pm »
Quote from: skeeter on May 07, 2018, 02:27:45 pm
U3 may be the wrong metrics to use but unemployment is still edging down now relative to the Obama economy. That is undeniable.

We'll know for certain when the fed starts pushing interest rates up.

"When" has already been started.

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