Author Topic: Jobs Surge 216,000 Higher, Raising Inflation Risks  (Read 292 times)

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Online mystery-ak

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Jobs Surge 216,000 Higher, Raising Inflation Risks
« on: January 05, 2024, 02:06:44 pm »
John Carney 5 Jan 2024


Employers in the United States added 216,000 workers to their payrolls in December, the Department of Labor said Friday.

The unemployment rate  was unchanged from 3.7 percent in the prior month.

Economists had expected the economy to add 170,000 after payrolls were reported as increasing by 199,0000 in November and 150.000 in October. The November figure was revised down to 173,000 and the October figure was revised down to 105,000. That totals to 71,000 fewer jobs.

In September, employers grew their payrolls by 262,000. In August, payrolls rose by 227,000.

The unemployment rate was expected to tick up to 3.8 percent.

In total, the economy added 2.3 million jobs in 2023, the lowest since the pandemic ended and Joe Biden became president. Compared with the pre-pandemic years, however, this is still a lot of job growth, much of it driven by sectors still rebuilding from mass layoffs due to lockdowns and the pandemic. The last time the economy added this many jobs in a year was 1999.

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https://www.breitbart.com/economy/2024/01/05/america-created-216000-jobs-in-december/
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Online mountaineer

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Re: Jobs Surge 216,000 Higher, Raising Inflation Risks
« Reply #1 on: January 05, 2024, 02:10:01 pm »
Labor force participation — at 62.5% — is "the lightest going all the way back to January of last year."

https://twitter.com/RNCResearch/status/1743267214323577055
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Re: Jobs Surge 216,000 Higher, Raising Inflation Risks
« Reply #2 on: January 05, 2024, 02:26:12 pm »
Never again should any pandemic be handled the way Covid was

The long-term damage to the economy is going to take decades to overcome
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Re: Jobs Surge 216,000 Higher, Raising Inflation Risks
« Reply #3 on: January 05, 2024, 04:25:14 pm »
I wonder, am I missing something here? A job surge of 216,000 in December(out of a population of 332 million, WOW) a month well known for seasonal hires and we are supposed to start panicking? What will the fear mongers push when the January numbers show an almost corresponding number added to unemployment rolls?

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Re: Jobs Surge 216,000 Higher, Raising Inflation Risks
« Reply #4 on: January 05, 2024, 04:42:37 pm »
Never again should any pandemic be handled the way Covid was

The long-term damage to the economy is going to take decades to overcome

The dims have destroyed any chance of an industrial resurgence in this country with its war on hydrocarbons and manufacturing in general.

There will be no coming back.
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