The Briefing Room

General Category => Economy/Business => Topic started by: mystery-ak on November 06, 2020, 09:17:02 AM

Title: Economy adds 638K jobs in October, unemployment dips below 7 percent
Post by: mystery-ak on November 06, 2020, 09:17:02 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
Title: Re: Economy adds 638K jobs in October, unemployment dips below 7 percent
Post by: catfish1957 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.
Title: Re: Economy adds 638K jobs in October, unemployment dips below 7 percent
Post by: mystery-ak on November 06, 2020, 06:10:08 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 (https://www.newsbusters.org/blogs/business/joseph-vazquez/2020/11/06/big-3-morning-nets-censor-huge-job-gains-big-drop)
Title: Re: Economy adds 638K jobs in October, unemployment dips below 7 percent
Post by: catfish1957 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 (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
Title: Re: Economy adds 638K jobs in October, unemployment dips below 7 percent
Post by: dfwgator on November 09, 2020, 02:43:56 PM
Enjoy it while you can, America.  Winter is Coming.
Title: Re: Economy adds 638K jobs in October, unemployment dips below 7 percent
Post by: Wingnut 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.   
Title: Re: Economy adds 638K jobs in October, unemployment dips below 7 percent
Post by: catfish1957 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.