Author Topic: Economy adds 638K jobs in October, unemployment dips below 7 percent  (Read 401 times)

0 Members and 1 Guest are viewing this topic.

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 316,693
  • Gender: Female
  • Lunch bucket Joe says "C'mon, man!"
Economy adds 638K jobs in October, unemployment dips below 7 percent
By Sylvan Lane - 11/06/20 08:33 AM EST

The U.S added 638,000 jobs and the unemployment rate fell to 6.9 percent in October, according to data released Friday by the Labor Department.

The October jobs report showed the U.S. continuing to recover jobs lost to the coronavirus pandemic and slightly exceeded economists’ projections. Economists had expected the U.S. to gain roughly 600,000 jobs in October after adding 672,000 in September and seeing the unemployment rate fall to 7.9 percent, according to revised figures.

October’s decline in unemployment came as the labor force participation rate increased by 0.3 percentage points, meaning that a greater portion of Americans were both seeking and finding jobs last month than in September. The number of workers who permanently lost their jobs also stayed flat at 3.7 million, a welcome sign after several months of increases.

more
https://thehill.com/policy/finance/524744-october-jobs-report
Support the USO
Democrat Party...the Party of Infanticide

“I have come to the conclusion that one useless man is a disgrace, that two become a lawfirm & that three or more become a congress." -John Adams

Online catfish1957

  • Pedo Joe Will Never Be My President
  • Moderator
  • *****
  • Posts: 16,222
  • Gender: Male
Re: Economy adds 638K jobs in October, unemployment dips below 7 percent
« Reply #1 on: November 06, 2020, 11:02:09 AM »
Economy adds 638K jobs in October, unemployment dips below 7 percent
By Sylvan Lane - 11/06/20 08:33 AM EST

The U.S added 638,000 jobs and the unemployment rate fell to 6.9 percent in October, according to data released Friday by the Labor Department.

The October jobs report showed the U.S. continuing to recover jobs lost to the coronavirus pandemic and slightly exceeded economists’ projections. Economists had expected the U.S. to gain roughly 600,000 jobs in October after adding 672,000 in September and seeing the unemployment rate fall to 7.9 percent, according to revised figures.

October’s decline in unemployment came as the labor force participation rate increased by 0.3 percentage points, meaning that a greater portion of Americans were both seeking and finding jobs last month than in September. The number of workers who permanently lost their jobs also stayed flat at 3.7 million, a welcome sign after several months of increases.

more
https://thehill.com/policy/finance/524744-october-jobs-report

6.9%

Let's see where it bottoms out.  This is a miraculous recovery considering the prognosis in March.

A Biden presidency in the new planning for NGD, COVID lockdowns, increased taxes, and less domestic investment?  We all know what direction these numbers will be taking.
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 316,693
  • Gender: Female
  • Lunch bucket Joe says "C'mon, man!"
Support the USO
Democrat Party...the Party of Infanticide

“I have come to the conclusion that one useless man is a disgrace, that two become a lawfirm & that three or more become a congress." -John Adams

Online catfish1957

  • Pedo Joe Will Never Be My President
  • Moderator
  • *****
  • Posts: 16,222
  • Gender: Male
Re: Economy adds 638K jobs in October, unemployment dips below 7 percent
« Reply #3 on: November 09, 2020, 02:01:40 PM »
Big 3 Morning Nets CENSOR Huge Job Gains, Big Drop in Unemployment
https://www.newsbusters.org/blogs/business/joseph-vazquez/2020/11/06/big-3-morning-nets-censor-huge-job-gains-big-drop

DOW up 4 1/2 %, Gold down $100/oz. due to vaccine news.

Excellent financial and COVID news that if would have been rightly reported exactly one week earlier might have changed the results of an election. No accident....   Trump pissing off Big Pharma had consequences
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Online dfwgator

  • Hero Member
  • ****
  • Posts: 15,560
Re: Economy adds 638K jobs in October, unemployment dips below 7 percent
« Reply #4 on: November 09, 2020, 02:43:56 PM »
Enjoy it while you can, America.  Winter is Coming.

Offline Wingnut

  • The last American hero, the electric centaur, the demi-god, the super driver of the golden west
  • Hero Member
  • ****
  • Posts: 15,463
  • Gender: Male
Re: Economy adds 638K jobs in October, unemployment dips below 7 percent
« Reply #5 on: November 09, 2020, 03:37:21 PM »
Biden is going to drive the ecomomy into the ditch.  He will reverse all the Tarriffs on Chick goods and then it is all over for jobs coming back to the USA.

Biteme is a full on economic retard.   
Any political party that can't cough up anything better than a treacherous brain-damaged old vulture like Joe Biden deserves to die a slow death.

Online catfish1957

  • Pedo Joe Will Never Be My President
  • Moderator
  • *****
  • Posts: 16,222
  • Gender: Male
Re: Economy adds 638K jobs in October, unemployment dips below 7 percent
« Reply #6 on: November 09, 2020, 03:43:28 PM »
Enjoy it while you can, America.  Winter is Coming.

Yep, Pedo=Joe is already on the attack with contacts with governors on a nationwide mask mandate.
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.